excess professional liability coverage for accounting firms
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Accountants Professional Liability

Unrivaled capacity, expert underwriting, superior claims handling

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    Munich Re Specialty offers Excess Professional Liability coverage that addresses the unique risks your accounting firm clients face. We offer a wide array of solutions, underwriting expertise, and an unparalleled level of service through our select and appointed broker network. Our goal is to help your accountant clients’ businesses thrive today and tomorrow. 

    Tailored coverage for accounting clients’ distinct needs

    Our coverage is uniquely comprehensive, includes up to $5m in limits and covers a wide range of exposures. We also offer a wholesale-only distribution model.

    Coverage details

    • Excess coverage – Coverage responds to malpractice claims, including misrepresentation, violation of faith and fair dealing, inaccurate advice, and obligation to pay damages for covered claims as well as the cost to defend against those claims
    • Experienced underwriters – Knowledgeable of the local market and Accountants Professional Liability exposures
    • Best-in-class claims teams – Dedicated to handling professional liability claims and committed to expert, speedy claims handling
    • Underwriting company, Bridgeway Insurance Company, is rated A+ by AM Best
    • $5m limit capacity — can consider higher limits 
    • Non-admitted in all 50 states 
    • Will consider distressed risks 
    • Large to medium sized accounting firms with up to $500m in revenue.
    • Excess only — attaching as low as $2m

    Claims scenarios

    Negligent tax preparation includes conduct such as failing to file a client’s return in a timely manner, failing to list important information on the return, and failing to make a timely/accurate response when tax authorities make inquiries.
    Negligent advice is a broader version of accounting malpractice. Examples include giving incorrect tax advice or information to business owners and failing to provide accurate financial statements.
    Damage caused by abuse of authority when an accounting professional is acting as a trustee or chief financial officer.
    Misrepresentation in the practice of public accountancy.

    Failing to perform services in accordance with professional standards:

    • Giving incorrect tax advice or making tax return errors
    • Manipulating financial statements or providing incorrect reports to stockholders or partners
    • Wrongful certification or failure to properly audit financial statements
    Contact our experts
    Marcia Blanco
    Marcia Blanco
    Head of E&S Financial Lines
    Munich Re Specialty
    Nick Mycyk
    Nick Mycyk
    Underwriting Manager, Senior Vice President, E&S Financial Lines Lawyers and Accountants Professional Liability
    Munich Re Specialty - North America
    Rebeca Alejandre
    Rebeca Alejandre
    Underwriter
    Joshua Ramanjulu
    Joshua Ramanjulu
    Underwriter
    Laura DiLallo
    Laura DiLallo
    Senior Vice President
    Lawyers Professional Liability
    Kevin Keith
    Kevin Keith
    Senior Vice President

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