The American Institute of Certified Public Accountants (AICPA) Trust is a leading provider of expert insurance guidance for CPAs and their firms. With a long history of serving the accounting profession, the AICPA Trust has established itself as a trusted authority on risk management and insurance solutions. The AICPA Trust's mission is to provide high-quality, comprehensive insurance programs that protect CPAs and their firms from various types of risks, including professional liability, business insurance, and employee benefits.
Professional Liability Insurance
The AICPA Trust offers a range of professional liability insurance programs designed to protect CPAs and their firms from claims of professional negligence or other errors and omissions. These programs are tailored to meet the specific needs of accounting firms, including accounting and auditing services, tax preparation, and consulting services. The AICPA Trust’s professional liability insurance programs provide coverage for damages, settlements, and defense costs, helping to protect a firm’s reputation and financial well-being.
Key Features of Professional Liability Insurance
The AICPA Trust’s professional liability insurance programs offer several key features, including claims-made coverage, prior acts coverage, and extended reporting period coverage. These features provide CPAs and their firms with comprehensive protection against professional liability claims, regardless of when the claim is made or when the alleged act occurred. Additionally, the AICPA Trust’s professional liability insurance programs offer competitive premiums, dedicated claims handling, and access to risk management resources.
| Insurance Program | Features | Benefits |
|---|---|---|
| Professional Liability Insurance | Claims-made coverage, prior acts coverage, extended reporting period coverage | Comprehensive protection against professional liability claims, competitive premiums, dedicated claims handling |
| Business Insurance | Property coverage, liability coverage, business interruption coverage | Protection against business-related risks, flexible coverage options, experienced claims handling |
| Employee Benefits | Group life insurance, group disability insurance, group health insurance | Attractive benefits for employees, flexible coverage options, experienced administrative support |
Business Insurance
In addition to professional liability insurance, the AICPA Trust offers a range of business insurance programs designed to protect accounting firms from various types of business-related risks. These programs include property coverage, liability coverage, and business interruption coverage, which can help protect a firm’s physical assets, reputation, and financial well-being. The AICPA Trust’s business insurance programs are tailored to meet the specific needs of accounting firms, including offices, equipment, and employees.
Key Features of Business Insurance
The AICPA Trust’s business insurance programs offer several key features, including flexible coverage options, experienced claims handling, and access to risk management resources. These features provide accounting firms with comprehensive protection against business-related risks, while also offering competitive premiums and dedicated support. Additionally, the AICPA Trust’s business insurance programs offer umbrella coverage, cyber liability coverage, and employment practices liability coverage, which can help protect a firm’s reputation and financial well-being.
- Property coverage: Protects a firm's physical assets, including offices, equipment, and furniture
- Liability coverage: Protects a firm's reputation and financial well-being in the event of a lawsuit or claim
- Business interruption coverage: Provides financial support in the event of a business interruption, such as a natural disaster or cyber attack
Employee Benefits
The AICPA Trust also offers a range of employee benefits programs designed to attract and retain top talent in the accounting profession. These programs include group life insurance, group disability insurance, and group health insurance, which can help provide employees with financial security and peace of mind. The AICPA Trust’s employee benefits programs are tailored to meet the specific needs of accounting firms, including flexible coverage options, experienced administrative support, and access to wellness programs.
Key Features of Employee Benefits
The AICPA Trust’s employee benefits programs offer several key features, including competitive premiums, dedicated administrative support, and access to wellness programs. These features provide accounting firms with comprehensive employee benefits solutions, while also offering flexible coverage options and experienced support. Additionally, the AICPA Trust’s employee benefits programs offer 401(k) plans, flexible spending accounts, and employee assistance programs, which can help provide employees with financial security and peace of mind.
- Group life insurance: Provides financial support to employees' families in the event of an employee's death
- Group disability insurance: Provides financial support to employees who are unable to work due to illness or injury
- Group health insurance: Provides access to medical care and financial support for employees and their families
What types of insurance programs does the AICPA Trust offer?
+The AICPA Trust offers a range of insurance programs, including professional liability insurance, business insurance, and employee benefits. These programs are designed to protect CPAs and their firms from various types of risks, including professional liability, business-related risks, and employee benefits.
What are the key features of the AICPA Trust’s professional liability insurance programs?
+The AICPA Trust’s professional liability insurance programs offer several key features, including claims-made coverage, prior acts coverage, and extended reporting period coverage. These features provide CPAs and their firms with comprehensive protection against professional liability claims, regardless of when the claim is made or when the alleged act occurred.
How can I get more information about the AICPA Trust’s insurance programs?
+You can get more information about the AICPA Trust’s insurance programs by visiting the AICPA Trust website or contacting an AICPA Trust representative. The AICPA Trust website provides detailed information about each insurance program, including features, benefits, and pricing. AICPA Trust representatives are also available to answer questions and provide guidance on selecting the right insurance program for your firm.
