Results for Accountants Professional Liability Insurance
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Business Dictionary:

Accountants Professional Liability Insurance

Insurance for accountants covering liability lawsuits arising from their professional activities. For example, an investor bases a buying decision on the balance sheet of a company's annual statement. The figures later prove fallacious and not according to Generally Accepted Accounting Principles (GAAP). The accountant could be found liable for his professional actions, and would be covered by this policy.

 
 
Insurance Dictionary: Accountants Professional Liability Insurance

Insurance for accountants covering liability lawsuits arising from their professional activities. For example, an investor bases a buying decision on the balance sheet of a company's annual statement. The figures later prove fallacious and not according to Generally Acceptable Accounting Principles (GAAP). The accountant could be found liable for his professional actions, and would be covered by this policy. However, if the accountant ran over someone or damaged property with a car, this policy would not provide coverage.

 
 

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Business Dictionary. Dictionary of Business Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved.  Read more
Insurance Dictionary. Dictionary of Insurance Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved.  Read more

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