ZOLOFRA INSURANCE AGENCY

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Accountants Liability

ABOUT ACCOUNTANTS LIABILITY INSURANCE (E&O)

Accountants’ Professional Liability is available to firms of all sizes. Coverage applies to claims made against the insureds by reason of a negligent act, error or omission in the performance of professional accounting services. Also covered are services performed by any insured as a notary public, trustee, receiver, consultant, executor, or in connection with the American Institute of Certified Public Accountants or any state society of public accountants.

Please complete the form below to get your free quote now!

*Name of Firm *Applicant Firm is a(n) *Applicant Firm's principal location Applicant Firm's mailing address *When was the Applicant Firm established? (month/date/year) *Applicant's email address *Applicant's phone number *Is the Applicant Firm engaged in the practice of accountancy?
Yes
No
*Does your firm practice from additional offices?
Yes
No
*How many full time CPA's are in your firm? *How many full time non-CPA's are in your firm? *Not including CPA's or non-CPA's, how many full-time support staff members are in your firm? *Most recently ended fiscal year gross revenue: *Current fiscal year projected gross revenue: *Total number of clients served in the past 12 months: *Has any member of the Applicant Firm or any Predeccessor Firm been subject to a complaint, disciplinary action or reprimand by any state board, the SEC, IRS, any governmental authority or any accounting society?
Yes
No
*Does the Applicant Firm share office space with professionals/firms other than those previously accounted for above?
Yes
No
*If the Applicant Firm shares an office with other professionals does your firm separate files, employ separate support staff and present itself as an independent practice to the public?
Yes
No
N/A
*Areas of Practice (make sure 100% of firm's practices are represented)
*Does the Applicant Firm use client engagement letters 100% of the time?
Yes
No
Check any that apply, please skip if NO: Have any individuals in the Applicant Frim, or any Predecessor Firm, in the past 2 years provided these services to any financial institution client:
Regulatory securities or compliance services
Services for an institution in which an Applicant memnber held an equity or management interest.
*Has the Applicant Firm or any Predesssor Firm ever conducted SEC services or audits for any publicly held companies?
Yes
No
*Has the Applicant Firm or any Predesssor Firm received equity or any other non-monetary compensation for the rendering of accounting services?
Yes
No
*Has the Applicant Firm arranged, coordinated, or managed any investment venture?
Yes
No
*Within the past 6 years have any of the Applicant Firm's accountants serviced as director, officer, or an employee of any client; owned an equity interest in any client; or does any client represent more than 25% of the Applicant Firm's revenues?
Yes
No
*Does any member of the Applicant Firm hold any professional license other than for accountancy?
Yes
No
*Within the past 3 years, has the Applicant Firm/Predecessor Firm or any affiliated entity rendered audit or attest service for a business client, for which either the client or a parent of the client subsequently declared or filed for bankruptcy?
Yes
No
*During the past 6 years, has any insurer of the Applicant Firm, Predecessor Form or Prior Firm cancelled or refused to renew professional liability insurance for any reason other than the carrier's withdrawal from the market?
Yes
No
*In the past 3 years, has the Applicant Firm undergone any peer or quality review sponsored for the AICPA or any state society of CPA's?
Yes, results were Unqualified
Yes, results were Qualified, Modified, or Adverse
Yes, currently being reviewed.
No
*After inquiry, are any individuals of the Applicant Firm aware of any professional liability claims made them, the Applicant Firm or a Predecessor Firm in the past 6 years, including those which may have been made against them while with a Prior Firm
Yes
No
*After inquiry, are any individuals of the Applicant Firm aware of any actual or alleged act, error, omission, incident or circumstance, which might reasonably result in a claim against them, the Applicant Firm or any members of a Predecessor Firm?
Yes
No
If you answered "yes" to either of last 2 questions, please advise total number of events: When does your current professional liability policy expire? (month/date/year) Who is your current professional liability insurer? What is your per claim limit of liablity for professional liability? What is the aggregate limit of liability? What is your deductible? What is the retroactive or prior acts date? (month/date/year) What is the approximate premium? *What limits are you seeking?
100,000/200,000
250,000/500,000
500,000/500,000
500,000/1,000,000
1,000,000/1,000,000
1,000,000/2,000,000
2,000,000/4,000,000
3,000,000/3,000,000
4,000,000/4,000,000
5,000,000/5,000,000
over 5,000,000/5,000,000
*What deductible are you seeking?
1,000
2,000
2,500
3,000
5,000
7,500
10,000
15,000
20,000
25,000
more than $25,000
*Did you also want Business Owners (BOP) with your professional liabliity quote. BOPs cover your contents and general liabliity exposure (office).
Yes
No
Please utilize this section for comments, additional office locations, additional licenses held by staff members, claims information, etc.

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Disclaimer Notice - The premiums quoted are estimates based on information you provided. This quotation does not constitute a contract of insurance, nor does it provide coverage for any loss or claim. Coverage can only be bound by an agent with a signed application and a down payment.

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