AmerInst Adds Security Breach Endorsement to Protexure Accountants’ Professional Liability Insurance Program

Small accounting firms and solo practitioners are as vulnerable to security threats and unauthorized breaches of data as their larger, publicly-traded counterparts. Any private or confidential information that is disclosed or misused in the performance of professional services can be in violation of privacy regulation. AmerInst Professional Services, Ltd., a nationwide professional liability insurance provider, is adding a security incident and identification theft extension endorsement to its Protexure Accountants' program. This is part of Protexure Accountants' continuing effort to expand its web-enabled technology to give policyholders smarter choices and more coverage options.

The Protexure Accountants' endorsement benefits small accounting firms by offering protection from a data breach– at no cost," says Pat Cosulich, Chief Information Officer at AmerInst Professional Services, Ltd. "United States Fire Insurance Company, a member of the Crum & Forster insurance group and our partner carrier, reimburses the named insured for each security incident. Within the policy period, there is a maximum reimbursable amount, regardless of the number of incidents or insureds involved. Cyber forensic analysts are hired to determine the extent of the security breach and ensure compliance with state or local privacy laws in the event that information is compromised.

AmerInst Professional Services Ltd. draws upon the commitment and expertise of its parent, AmerInst Insurance Company, which was created by CPAs for CPAs and was a reinsurer of the AICPA plan for two decades. The professional liability insurance program is written through United States Fire Insurance Company, a member of the Crum & Forster insurance group (C&F). C&F has been in business since 1896, is well regarded for its financial strength, and is rated A (Excellent) by A. M. Best Co.

To find out more, call 888-803-9898.

Protexure  Accountants /// Providing  Exceptional  Service & Comprehensive  Coverage

Have A Question?

We are here to help! Fill out the form below and we will get back to you shortly.

You have Successfully Submitted your question!