Accountants Professional Liability Insurance
Barron's Business Dictionary:
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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.
| Accountant, Accountancy, Accountability | |
| Accountant’s Opinion, Accounting, Accounting Change |
Related Videos:
Top
Accountants Professional Liability Insurance
Barron's Insurance Dictionary:
Top
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.
| Account Current, Account Balance Plan, Accommodation Line | |
| Accounts Receivable Insurance, Accredited Advisor in Insurance (AAI), Accrue |
