Learn the difference between full coverage auto insurance and liability coverage and why you should consider having both.

5 steps to help you feel confident in getting the best car insurance for your unique situation. Get a quote in under 10 minutes through the AICPA Member Insurance Program and Liberty Mutual.

Ask your car insurance company these 9 questions to help you better understand the auto insurance coverage you need, and at the best price.

Car accidents happen and can be scary. Be prepared by following these 5 steps after you’re in an accident.

How to insurance your electric car so you get the best coverage and rates for your EV.

Car accidents happen and can be scary. Be prepared by following these 5 steps after you’re in an accident.

Tips for CPAs to help save on car insurance

How can I lower my homeowner and auto insurance premiums as rates increase due to inflation?

Liberty Mutual | March 2022

While it can seem arbitrary, there are actual reasons you can see your price go up and down.

Playing defense is a crucial part of safe driving. At its heart, defensive driving is made up of practices you should use every time you get behind the wheel. 

Consider for a moment the impact a long-term or permanent disability would have on you and your family.

Watch three new videos that can help you choose the AICPA-endorsed Life or Disability Plan that works best for your life.

A long-term disability can be life-altering, for yourself and for your family. It can impact your livelihood and your ability to continue to earn an income.

If you are no longer able to work, how will you support yourself?

Finding sugar on food labels can be tricky, but not impossible.

Strategies to help recognize, manage, and minimize hidden microstressors, paving the way for a more balanced life.

Consider for a moment the impact a long-term or permanent disability would have on you and your family.

Be sure to share your health concerns with your health care providers.

Not enough vitamin D in adults can lead to osteomalica (brittle bones), causing bone pain and muscle weakness.

Did you know 10% of fireworks fires occur around New Year’s Day? Here are seven holiday fire safety tips to keep you safe.

Hiring a contractor? It's important to do the proper research and be aware of the red flags you can use to identify potential scams. Click to learn more

A checklist of what to do before and after a hurricane to help minimize damage and injuries.

Learn the types of homeowners insurance to consider and having the coverage you need for your high-value home.

What isn’t typically covered by standard homeowners insurance?

Learn the risks of home sharing and how to protect yourself as a host with the right insurance coverage.

If you’re moving, here are answers to common questions about how to handle your home insurance during a move.

If you have a collection of antiques, artwork, or other valuables in your home, you may need to take special precautions to keep these treasured possessions safe.

Managing online accounts with strong passwords can help keep you safe from hackers. Here are some ways to keep your passwords safe.

Internet safety can mean many things. Here are some ways to keep you and your family safe online.

We are online all the time, so keeping your digital life private can seem overwhelming. Here are steps you can take to protect your online privacy.

Our devices are at risk from malware, which can lead to cybercrime. Here are some preventative measures to protect your devices.

We typically think of adults as the primary victims of identity theft. After all, they're the ones who have developed a credit history and have assets attached to their name that people want to take advantage of.

Aura is an all-in-one digital security solution that helps protect you and your family’s identity, finances, devices, and personal info.

Aura is an all-in-one digital security solution that helps protect you and your family’s identity, finances, devices, and personal info.

Unemployment fraud has surged during the Covid-19 pandemic targeting the employed and unemployed alike. Its affects are devastating. Here’s some information you should know.

This Risk Alert explains how unemployment insurance fraud has exploded with the onset of COVID-19. Learn about the risks and remediation steps to respond to these situations.   

As a CPA, you are more aware than most people of the importance of protecting yourself financially.

Here are some tips to keep yourself, your clients and your organization secure while working from home. 

Get answers to everything you always wanted to know about life insurance but were too afraid to ask.

To assist firms in making smart decisions when it comes to providing group life benefits to their employees, in this paper Aon is sharing AICPA Group Insurance Plan proprietary data.

Discover a term life plan with rates that stay the same for the period you choose, even as you age or your health changes.

Life insurance can be more than just a safety net. It's a cornerstone of a comprehensive financial plan.

Watch three new videos that can help you choose the AICPA-endorsed Life or Disability Plan that works best for your life.

Life insurance checklist: plan now so you can relax later.

What to look for when searching for a life or disability insurance plan

Purchasing life insurance can be a daunting proposition - besides the obvious reminder of your own mortality, the cost involved, and features and options to choose from, can be overwhelming.

After the chill days of summer comes back-to-school time, when parents have educational expenses on their minds. A good life insurance plan can help you plan for the unexpected.

If you’ve thought about life insurance but brushed it off because of your age and other financial obligations (like student loans, saving for your first place, and paying off debt), you might want to reconsider.

Here are 5 things you can do now to help be prepared, so that if you or your spouse suffers an untimely loss, you have the measures in place to help you cope.

Discover a term life plan with rates that stay the same for the period you choose, even as you age or your health changes.

A life insurance plan or policy is a contract with an insurance company.

We reached out to our Risk Advisors at the AICPA Insurance Trust to find out what questions they are asked most about the application process, and we got the answers.

When creating any type of financial account, whether it’s a savings account, retirement savings account, or life insurance, one of the more important details to consider is the naming of a beneficiary or beneficiaries.

From college to marriage, building a family and buying a home, there’s a lot that goes on between birth and death. One thing that can help keep us moving forward is having the right Life Insurance to help protect against all of life’s twists and turns. Find out why Life Insurance is so important, and what types of policies can help you depending on where you are in life. Coverage is issued by The Prudential Insurance Company of America (Prudential).

You could lower your CPA Life, Spouse Life, and GVUL Insurance rates even further by applying for a simple change in status.

Long-term care insurance isn’t for everybody, but having a plan should be. Find out what CPAs should do when planning for themselves and clients’ long-term care risks.

Many are at a point in their lives when they are still working to build their careers, and the time and cost of providing care can affect their ability to earn and save for their own goals and retirement.

Long-term care insurance isn’t for everybody, but having a plan should be. Find out what CPAs should do when planning for themselves and clients’ long-term care risks.

With the passing of a loved one, you may have also experienced first-hand the emotional and financial impact caused by a long-term care event. 

Women today often don’t have as much retirement savings as men, which means they’re more likely to outlive their savings.

The majority of claims under umbrella policies are auto-related. Since virtually all of us drive, the need for Personal Liability Umbrella Coverage is obvious.

Valuable answers and why you should consider Umbrella insurance, especially if you have significant assets, you're looking to protect from costly personal liability claims.

What exactly is personal umbrella insurance and why do CPAs need it to help safeguard their lifestyle and financial assets.

See if you can guess what these AICPA Personal Liability Umbrella Insurance claims have in common:

Women today often don’t have as much retirement savings as men, which means they’re more likely to outlive their savings.

See if you can guess what these AICPA Personal Liability Umbrella Insurance claims have in common:

Let's clear up anything you still might be wondering about getting a renters insurance policy.

If you're the parent of dependent college students living away from home, you may not be aware that your homeowners policy will cover their personal property and personal liability.

Take the proper steps to help make sure you have everything in place to tackle tax season.

It’s true, adding a teen driver to your auto policy will likely increase your premium.

Liberty Mutual | March 2022

While it can seem arbitrary, there are actual reasons you can see your price go up and down.

It’s true, adding a teen driver to your auto policy will likely increase your premium.

Here are some tips to keep yourself, your clients and your organization secure while working from home. 

Learn the difference between diversification of services and dabbling for a CPA firm and the risk associated with dabbling.

How formal client onboarding can help CPAs avoid miscommunications, misunderstandings, and misrepresentations – common elements in a professional liability claim

A CPA's job would be so much easier if clients would just respond in a timely manner. In addition to creating unnecessary stress for CPAs, clients who fail to respond timely increase a CPA firm's professional liability risk. Let's walk through some of the ways CPAs have addressed unresponsive clients, the risks associated with those actions, and what may be a better path.

While there are many factors a CPA firm may evaluate when deciding to take on a new client, there are three that can make a significant difference to the firm's professional liability risk.

Risks can arise with existing clients, catching the CPA off guard. Client continuance is designed to identify and address risks associated with existing clients.

Integrity and ethical values are paramount for CPA firms and their clients. This article discusses how tone at the top can impact a firms’ risk.

Terminating a client, whether contentious or cooperative, should follow a well-thought out process. This article provides tips to guide practitioners in terminating client relationships. 

When it becomes necessary to terminate a client relationship, it is important to confirm this action in a letter to the client to avoid future ambiguity regarding the status of the relationship.

Seemingly benign actions, small decisions or quick conversations may have significant, and expensive, consequences. Consider these real-life claims and take note of lessons learned.

CPAs are often a client’s most trusted business advisor, and clients may look to the CPA to add value to the business in areas beyond accounting.

Consulting, while not a traditional service provided by CPAs, has become increasingly prominent. This article provides risk management tips to consider when providing consulting services.

Client accounting services is a growing area of practice for many CPA firm. Learn how firms can manage expectation gap risk with their CAS clients.

If your client actually needs a CFO, consult with both your lawyer and your insurance broker about potential legal and insurance coverage issues before deciding how to proceed.

Defending a claim is more difficult if the firm’s independence or integrity and objectivity is questioned. The Conceptual Framework outlined in the Code of Professional Conduct can help.

Questions of independence can damage the defense of an audit claim. Some independence threats are more impactful than others. Learn how to address them.

Failure to appropriately apply the risk assessment standards can lead to undetected misstatements and be problematic for claim defense. Learn why in this article.

Often overlooked, the real benefit of audit planning is gained from the process itself. Learn how planning can help mitigate risk.

Have you ever been asked by an audit client for consent to include an audit report in a public or private securities offering?

The role quality, or lack thereof, plays in a professional liability claim cannot be over-emphasized.

Are you new to buying Group Life insurance? In this short video, Heather will help guide you on what CPA firms need to know. 

Part 1 of a 3-part webinar series focuses on cybersecurity awareness basics for accountants and CPA firms. Learn what cyber criminals are looking for and techniques used in cyber-attacks.

Part 2 of a 3-part webinar series explains why CPA firms of all sizes are such prime targets for cyber criminals.

Part 3 of a 3-part webinar series explains risk management and risk transfer safeguards a CPA firm can establish to help protect from a cyber breach

Wire transfer fraud is a risk to any business. Here are 10 actions to take to help prevent your firm from falling victim to a wire fraud scam.

Cybersecurity is a necessity for CPA firms who accelerated their digital transformation during the pandemic and are now particularly vulnerable to an attack.

Cyber Awareness Month is the perfect time for professional service firms to review and evaluate their cyber strategies.

Despite awareness, a CPA’s client service focus may lead to wire fraud claims. Learn to short-circuit a faulty mental process to help reduce wire fraud risk.

CPA firms are facing an increasing regulatory risk around PII records. Learn about the implications and why insurers are increasingly concerned about it.

Federal Trade Commission (FTC) guidelines intended to help protect financial institution customer information may apply to CPAs. Understand what the rules require.

Today’s CPA firms face a multitude of cybersecurity risks. Learn the types of attacks and how to help prevent, reduce, and manage these unique risks.

Cybersecurity is a necessity for CPA firms who accelerated their digital transformation during the pandemic and are now particularly vulnerable to an attack.

Cybercrimes have exploded in recent years. If the U.S. government or major U.S. companies can be infiltrated, so can a CPA firm.
 

Whether you are back in the office or still taking video calls from home in your coziest pair of sweatpants, data security is something that you can never be casual about.

A decade ago, crime involved a robber walking into a bank with a weapon. Today, criminals do not necessarily use weapons—they use computers. Cybercriminals hack into your system, monitor your emails, then impersonate you to fraudulently convince an unsuspecting employee to wire transfer large sums of money to them.

As aggregators of financial data, CPA firms are entrusted with their clients’ personal and financial information. As such, they’re primary targets for cybercrimes.

The concept of going paperless has been around for a long time, but CPA firms of all sizes are increasingly adopting a more virtual operating environment and taking advantages of the benefits allowed by Internet-, or “cloud-,” based computing service providers.

 Use these controls to secure your firm’s critical information

Today’s CPA firms are increasingly exposed to ESG issues. Understanding ESG risk factors impacting the industry is key to protect reputation and manage potential liability exposure.

The benefits of an effective DEI strategy have reinforced the need for organizations of all sizes to disclose and show progress towards their goals.

Five key areas to focus on to enhance an inclusive culture where colleagues are free to bring their authentic and diverse selves to the workplace.

Looking through the ‘social’ lens of ESG, learn about effective strategies to address key organizational concerns and stand out as an employer.

Decision makers behind compensation, employee benefits and retirement savings strategies have always had a significant, historic and sometimes underrated impact on how society functions. When some people have more opportunities for, or fewer barriers to, savings or caring for healthcare needs, a wealth and wellness gap is created and exacerbated.

Lisa Stevens, chief people officer at Aon, outlines how the broker is addressing ESG challenges and steps the industry can take to be more inclusive.

The benefits of an effective DEI strategy have reinforced the need for organizations of all sizes to disclose and show progress towards their goals.

Workplace discrimination and harassment can result in costly lawsuits. This article discusses laws for accounting firms to be aware of, and risk management measures to consider.

How CPA firms can help mitigate risk when dealing with pay equity and pay transparency laws.

Hear from defense counsel what CPA firms can do proactively to mitigate risk of employment practices liability claims

Workplace discrimination and harassment can result in costly lawsuits. This article discusses laws for accounting firms to be aware of, and risk management measures to consider.

Despite the known value of engagement letters, CPAs may not use them for small services or when responding to client questions. Is there an alternative?

Clients are increasingly requesting CPA firms impose confidentiality agreements as a precondition to engaging the firm to perform professional services.  This article is designed to help identify a roadmap on how to address these requests.

Electronic signatures are generally binding, however, there are caveats. This article explores them to help refute an assertion that an electronic signature is not authentic.

Risk allocation provisions help allocate risk between the client and CPA and can help manage the defense and cost of a claim.

Engagement letters are useful tools to help resolve client disputes. We summarize engagement letter FAQs and answers provided by CNA’s Risk Control team.

Using a set of standard, firmwide terms and conditions can help increase engagement letter efficiency and consistency. Learn how to implement one at your CPA firm.

Malpractice claims against CPAs are more difficult to defend if an engagement letter is not used. This article provides tips to help practitioners effectively and efficiently implement them.

Client requests for the firm’s defense and indemnification are unnecessary and unfair, and may be unenforceable. Learn how to respond when a client make this request.

Sample engagement letters for over 30 services and a terms and conditions document are available to CNA professional liability policyholders.

Discover how to sell your CPA firm effectively. Learn about optimal timing, valuation strategies, and boosting your firm's attractiveness.

Learn when to us the word merger or acquisition in an M&A transaction and the effect the wrong terminology may have in determining successor liability

If you’re considering buying a CPA firm, these eight questions will help you feel confident about buying the right accounting practice at the right price.

When a CPA firm undergoes an ownership change, the question of who should retain the existing engagement working paper files and work product files is often raised.

Often overlooked, the real benefit of audit planning is gained from the process itself. Learn how planning can help mitigate risk.

Ready to take on more clients? Learn the best strategies to minimize risks and increase profits when expanding and growing your CPA firm.

Walking away from the CPA firm that you’ve put your heart, soul and life is difficult enough. Nobody wants their swan song to be a professional liability claim.

Entering into a practice continuation agreement can help you plan and prepare for the unimaginable and decrease the likelihood of a break in client service.

Retired partners can present professional liability risk to a CPA firm. Learn how to manage these risks in this article.

This short and insightful video lays out the “The Three Ps” CPAs should consider when shopping for professional liability coverage: Paper, Program, and People.
 
 
Candace Coach, Aon Risk Advisor
 
2:46 minutes run time

Client billing practices may not be perceived as a malpractice issue, learn how proactive management of collections is important to help avoid professional liability claims.

What professional liability risk am I taking as a CPA if I outsource, offshore, or use subcontractors? How can I help mitigate those risks?

Professional liability insurance helps protect CPAs in the event of a negligence claim. Find out more about this important coverage with AICPA Member Insurance Programs.

Good record retention practices are crucial for a CPA firm. This article discusses considerations when creating and implementing a record retention policy.

CPAs learn what to expect should you be the subject of a professional liability claim.

Good record retention practices are crucial for a CPA firm. This article discusses considerations when creating and implementing a record retention policy.

How much professional liability insurance is needed to adequately cover my CPA firm?

Sometimes CPA firm employees steal from clients. Consider using the tips in this article to prevent this from happening at your firm.

There are fundamental risk management practices CPA firms should implement to help establish a foundation for quality and growth.

Electronic communication can be fraught with peril for the unwary CPA and hinder the defense of a professional liability claim. Learn how to manage this risk.

Good record retention practices are crucial for a CPA firm. This article discusses considerations when creating and implementing a record retention policy.

When a CPA firm sues for unpaid fees, the result is often a counterclaim for negligence. This article discusses the thought process CPAs should follow first. 

Learn what to expect should you be the subject of a professional liability claim.

By Sarah Beckett Ference, CPA

Regardless of the digitization and virtualization of how business is conducted and how people connect, a fundamental truism for all CPA firms is that relationships matter.

This article provides 3 fundamental tips on how to vet and select an insurance broker or agent agent best suited to address the unique needs of a CPA firm.

The U.S. population continues to age. This article discusses the professional liability risks of working with elderly clients and provides risk management tips for consideration.

Did you know that more than 40% of Americans say they'd feel the financial impact from the loss of the primary wage earner within 6 months.

Understanding the elements of ordinary negligence and litigation helps shed light on terrain riddled with professional liability cliffs for CPAs.

Explore the results of Aon’s 2023 Global Risk Management Survey, including the results from Professional Service Firm respondents.

Wealthy or famous clients often rely heavily on CPAs to handle their financial affairs. This article discusses the risks and tips to be aware of.

Unintentional rogue conduct or failing to do what one is expected to do is a risk that can lead to professional liability claims for a CPA firm.

Wealthy or famous clients often rely heavily on CPAs to handle their financial affairs. This article discusses the risks and tips to be aware of.

Misalignment between a CPA’s activities and the engagement letter can be problematic. This article discusses the risk of scope creep and provides related risk management tips.

The U.S. population continues to age. This article discusses the professional liability risks of working with elderly clients and provides risk management tips for consideration.

Unfortunately, there is no crystal ball to tell CPA firms what will happen when a new client or engagement is accepted.

When CPAs provide services related to a client’s money and the client incurs a loss, CPAs are at risk. The more money involved, the greater the risk.

Dedication to client service often leads to a gut response of, "No problem!" However, the manner in which a CPA responds to even a seemingly benign request may introduce unnecessary professional liability risk.

Steps a CPA firm should take to help mitigate risk when working with third-party experts.

Did you know that more than 40% of Americans say they'd feel the financial impact from the loss of the primary wage earner within 6 months.

Select a course format that best suits your schedule and personal learning preference. Regardless of the format selected, you'll learn valuable risk management strategies to implement immediately.

The AICPA Professional Liability Insurance Program is dedicated to providing superior claims assistance.

Divorcing clients and business breakups can threaten a CPA’s objectivity and add additional malpractice risk and headache. Learn how to mitigate these risks

Claims involving missed due dates are rising while IRS penalty relief is decreasing. Learn how diligence can help a CPA avoid the claim related to late or non-filing.

Defense counsel and experts provide their insight into what helps them (and hurts them) in the defense of tax and other claims.

Personal liability risks for CPAs are enhanced during tax season. Read more to find out how to help reduce the potential for lawsuits.

Learn how to mitigate the unique risks CPA firms may encounter when delivering CTA compliance/BOI reporting services. A sample engagement letter is included.

Docket systems provide CPA firms with a comprehensive method of monitoring workflow. This article discusses what should be included in the docket and its management.

What to know about professional liability risks for accounting firms as businesses are required to comply with the Corporate Transparency Act/Beneficial Ownership Information.

Why are claims relating to U.S. filing obligations for foreign activity, including the FBAR, getting increasingly more severe?

CPAs may face a malpractice claim when preparing tax returns that reflect ERC, even if they didn’t calculate it. Learn how to mitigate this risk.

Planning for the upcoming tax season is an important step in managing the professional liability risk associated with providing tax services. The following checklists provide many suggestions firms should consider in planning for this work.

Docket systems provide CPA firms with a comprehensive method of monitoring workflow. This article discusses what should be included in the docket and its management.

IRS scrutiny and skepticism of micro-captive insurance companies may increase the professional liability risk of a CPA firm.

Some partnership clients may ask their CPA to serve as the partnership representative.

Kovel agreement basics for CPAs. What you need to know when working with counsel and how to avoid potential pitfalls.

CPAs are often asked for investment recommendations or their thoughts on a client’s potential investment. These client favors can lead to claims alleging the provision of erroneous investment adviceCPAs

Conflicts of interest can be stressful for the CPA and create additional professional liability exposure. Learn how to manage this risk in this article.

Professional liability claims from serving as a trustee can be severe. Find out why the service is risky and what can be done about it.

Anyone who has even a passing acquaintance with divorce, professionally or personally, will usually concede that it is a steaming cauldron of emotions bubbling up from broken dreams, anger, fear about the future, and the financial disaster that it usually visits on its participants.

Defense counsel and experts provide their insight into what helps them (and hurts them) in the defense of tax and other claims.

Tax practitioners should be cognizant of the Internal Revenue Service’s (IRS) increased activity related to conservation easement transactions.

CPAs that are not familiar with third party verification requests should count themselves lucky. While they are far from the most complex issue facing the profession, they can be an unexpected annoyance and involve an unnecessary drain on valuable time.

If you have a collection of antiques, artwork, or other valuables in your home, you may need to take special precautions to keep these treasured possessions safe.

As a CPA, you are more aware than most people of the importance of protecting yourself financially.

Medicare fraud is purposely billing Medicare for services that were never provided or received.

Life insurance has been an important part of your financial planning during your working years. See how it can fit into your retirement plan.

Discussing caregiving with your loved ones can ensure that your family will know what steps to take should you end up needing it.

Long-term care insurance isn’t for everybody, but having a plan should be. Find out what CPAs should do when planning for themselves and clients’ long-term care risks.

Many are at a point in their lives when they are still working to build their careers, and the time and cost of providing care can affect their ability to earn and save for their own goals and retirement.

With the passing of a loved one, you may have also experienced first-hand the emotional and financial impact caused by a long-term care event. 

A look at the tax incentives of traditional long-term care insurance

Women today often don’t have as much retirement savings as men, which means they’re more likely to outlive their savings.

Turning 65? Here are a few important tips and steps you can take to help you get started with Medicare including when to enroll.

Medicare fraud is purposely billing Medicare for services that were never provided or received.

The majority of claims under umbrella policies are auto-related. Since virtually all of us drive, the need for Personal Liability Umbrella Coverage is obvious.

See if you can guess what these AICPA Personal Liability Umbrella Insurance claims have in common:

Interactive tools and solutions can help you plan and enjoy a financially secure retirement.

Long-term care insurance isn’t for everybody, but having a plan should be. Find out what CPAs should do when planning for themselves and clients’ long-term care risks.

See if you can guess what these AICPA Personal Liability Umbrella Insurance claims have in common: