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Specialty Coverage for AICPA Member Firms

Do you have changing insurance requirements? When your business is evolving, you need to protect your firm by investing in a flexible and innovative specialty insurance coverage.
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What is Specialty Coverage?

The Aon team of AICPA Risk Advisors specializes in helping Regional and National Accounting firms identify their unique risk profile and secure coverage. Specialty coverage provides additional protection for high-risk CPA firms to protect your business against lawsuits and liability claims. Depending on your firm’s unique risk coverage needs, a customized specialty insurance program will cover your firm beyond traditional plans and ensure you’re protected for any future endeavors.
What is Specialty Coverage? What is Specialty Coverage?

Why do CPAs need it?

As a CPA, you pride yourself on being a trusted financial advisor for your clients. However, practicing in today’s rapidly changing business climate, you are constantly at risk of not meeting your client’s expectations or making an error, which could end in financial hardship. Specialty insurance coverage helps CPAs mitigate risk and remain protected for all business needs. While you may not have done anything wrong, specialty coverage safeguards your firm against any instability and loss.

What it covers

A variety of policies are available for your firm’s consideration

  • Directors’ & Officers’ Liability: Protects the individual assets of corporate officers and directors.

  • Fiduciary Bonds – Employee Dishonesty: Protects against your employee’s dishonest acts.

  • Investment Advisors ERISA Bonds: Protects the assets of your client’s benefit plan from fraudulent losses by a fiduciary.

  • Registered Investment Advisors Errors and Omissions Policy: Protects from a wrongful error or act of fiduciary duty.

  • Registered Investment Advisors Fidelity Bonds: Protects the fidelity bond from wrongful acts or errors.

  • State Surety Bonds: Protects that those involved in a contract will perform accordingly.

What it costs

Each product is individually underwritten, and the price will vary depending on your customized specialty insurance coverage needs. Aon is not only committed to providing personalized programs, but also meeting your needs with innovative human resource solutions. To learn more about pricing and available coverages, receive a customized quote by contacting specialtycoverage@cpai.com
What it costs What it costs

Why CPAs choose AICPA Specialty Coverage

Aon prides itself on providing businesses with comprehensive and unique specialty insurance coverage solutions that meet CPA needs. Benefits include:

  • Reliable, trustworthy, and professional experience that is backed by a global organization and wide-spread resources.

  • Protection that aligns with your firm’s practices and goals.

  • Confidence to provide clients with quality financial services without worrying about unprotected liability claims.

About the Provider

The Aon team will go to market and broker these coverages for your firm.  Aon is committed to only working with carriers with an A.M.; Best rating of A or higher.  We will work to find the right competitive priced solutions for your firm.
 
About the Provider About the Provider
Frequently Asked Questions
Before investing in specialty insurance coverage, you must assess your current practices and inclusions. Because it’s not a one-size-fits-all insurance program, you should consult with an insurance representative on your unique needs first. AICPA Risk Advisors specializing in Regional and National Accounting Firms are available to help.

It’s always essential to stay abreast of trends that affect the CPA industry and your firm’s services. You may need to add additional coverage as your business and the industry continues to evolve. 

With our global network and extended resources, we can provide your business with customized solutions to fit your growing needs. Whether you need one coverage option or three, we will walk you through our solutions so you can choose the best insurance package for your organization.

Depending on the specialty insurance coverage you need, it will protect you from claims if a client sues your business for negligence, errors, or omissions. Lawsuits often result in financial loss, which can leave your firm’s integrity vulnerable.
It’s essential to protect your organization from potential lawsuits and financial loss. To learn more about specialty insurance coverages, email specialtycoverage@cpai.com to speak with an insurance professional who will guide you through your customizable plan.

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