Professional Liability
Risk Management Program
The AICPA believes that all accounting professionals should be well educated on the management of liability risks that can arise throughout an engagement; therefore, in addition to providing broad coverage for firms of all sizes, the AICPA Professional Liability Insurance Program places special emphasis on its Risk Management Program.
With over 30 years of experience providing malpractice insurance coverage to accounting professionals, the CNA insurance companies* have gained the knowledge necessary to help CPAs manage the type of risks which have historically led to malpractice claims. Additionally, CNA regularly consults with a variety of CPAs across the country, the AICPA, state CPA societies, and accountants professional liability attorneys to keep current on changing professional standards, regional and local practice issues, and laws which affect the accounting profession.
Violations of technical professional standards are and will continue to be a significant factor in generating claims against accountants. However, economic trends, industry practices, government regulations, market forces, and individual practice management philosophies will be a driving force in determining the type and severity of malpractice claims that may be pursued in the future.
CNA is committed to performing ongoing research on these issues and to providing current information to AICPA Program insureds to assist them in identifying potentially high risk activities and implementing practice management strategies to minimize risk in their daily practice. This is accomplished through:
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Policyholder Resource Center - Exclusive access to additional resources for our Professional Liability policyholders.
- Risk Management Resource Area-
This area maintains a library of articles published in The Risk Management
Resource and Case in Point. An index of titles is provided for your easy reference.
Use the site search button for more detailed searches.
- Risk Management Training-
The cornerstone of the Risk Management Program is the extensive training available
to policyholders. For an additional fee the program offers a live risk management
seminar and interactive webcast*. Both can help firms identify high-risk
engagements and appropriate steps needed to reduce liability exposure. Seminar
and webcast attendees earn CPE credits and their firm can earn premium credits of up to 7.5% per year, for three
consecutive years.
*Seminar and webcast availability and cost subject to schedule.
- Risk Management Newsletters-
A semi-annual publication of The Risk Management Resource provides information
on minimizing liability risks, answers questions on AICPA Professional Liability
Program coverages, and alerts members to details on seminars, conferences,
and new program products or services.
One or more of the CNA companies provide the products and/or services described. The information is
intended to present a general overview for illustrative purposes only. It is not intended to constitute
a binding contract. Please remember that only the relevant insurance policy can provide the actual
terms, coverages, amounts, conditions and exclusions for an insured. All products and services may
not be available in all states and may be subject to change without notice. CNA is a service mark
registered with the United States Patent and Trademark Office. Copyright © 2008 CNA. All rights
reserved.
Aon Insurance Services is a division of Affinity Insurance Services,
Inc.: in CA, MN & OK, (CA License #0795465) Aon Insurance Services is a
division of AIS Affinity Insurance Agency, Inc.; and in NY, AIS Affinity Insurance
Agency.
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