Even the best accounts can find themselves in bad situations, such as a misunderstanding regarding the scope of a client engagement. Professional liability claims against accountants often arise out of the client’s unhappiness rather than negligence in the performance of professional services. In these situations, an Accounts Professional Liability policy provides coverage against claims or allegedly negligent acts, errors or omissions. Quaker’s markets have the capacity to offer quotes with coverage enhancements that include first dollar defense, claim expense above the policy limit, and coverage for expenses incurred in connection with licensing board proceedings, loss of earnings and subpoena response.
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