FREQUENTLY ASKED QUESTIONS
Q: Does the policy cover claims made against me when penalties and interest are assessed against my clients because i made a mistake completing their tax return?A: Yes, the policy would respond to this type of claim.
Q: Are my employees covered’A: Employees, owners, officers, directors and partners of applicant firm are covered.
Q: What coverage limit should i buy?A: This is a very subjective question. However, when you choose your limits you should consider: 1) The personal assets of you and your spouse (if married). 2) The wealth and complexity of your client‘s situations.
Q: Are my prior activities covered?A: There is most always a significant time delay between when the alleged mistake was made and when the mistake was discovered. In most cases your prior work wIII be covered.
Q: Is there a deductible?A: Yes, typically deductibles are between $1000-$5000.
Q: Are there payment plans available?A: Yes, we offer easy payment plans.