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Exclusive Accountants Professional Liability Insurance Program
 
Accountants Overview


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Through an exclusive arrangement with Hartford Financial Products, Target offers an outstanding Accountants Professional Liability Insurance Program. 

NEW! 2.5% New Business Bonus Throughout 2020, you’ll receive a 2.5% bonus on all new accountants policies placed through Target Professional Programs. If you don’t yet represent Target, please see Become a Target Producer.


Contact, Application and Submissions
Contact Target’s Accountants Expert:
Pam Feltz, (331) 333-8227
pfeltz@targetproins.com
Applications and Submissions
Find Applications
Email Completed Applications: APL@targetproins.com
New Coverage Enhancements*
  1. The following coverages are now included in The Hartford’s Accountants Professional Liability Policy, at no additional premium:
  2. Pre-claim Expense Coverage

  3. Spousal / Domestic Partner Liability Coverage

  4. Workplace Violence Coverage

  5. Not-for-Profit D&O Coverage

  6. Deception Fraud Coverage

  7. *May be pending approval in some states.
Eligibility
  • Full-time, private accounting firms with 1-50 professionals
  • Eligible classes include CPAs, Public Accountants, Enrolled Agents,Tax Preparers & Bookkeepers
  • PLEASE NOTE:This insurance coverage can only be placed by an insurance agent or broker. If you’re an accounting firm without an agent/broker, please send us an email and we’ll be happy to locate one for you.
Availability, Carrier Partner and Program Parameters
Availability
  • All states except: AK & HI

Carrier Partner
  • Hartford Financial Products (The Hartford) Rated A+ by A.M. Best
Program Parameters
  • Coverage Limits:Up to $5 Million
  • Minimum Premium:$500
  • Minimum Deductible:$1,000
Features and Benefits
  • Click on highlighted content below for coverage descriptions or explanation of terminology. Also see New Coverage Enhancements, above.
  • Claims made and reported policy
  • Prior Acts Coverage available for qualified firms
  • Multiple Extended Reporting Period options
  • Broad definition of professional accounting services
  • Coverage included for:
    • Innocent Insured
    • Newly acquired entities with 5 or fewer professionals
    • Network Security & Theft of Data (See Flyer)
    • Subpoenas
    • Defendants Reimbursement
    • Disciplinary Proceedings
    • Discrimination Defense
  • Optional Defense Costs Outside the Liability Limits (additional premium)
  • 50% deductible reduction on claims settled by Alternative Dispute Resolution
  • 50% deductible credit for use of engagement letters in non-audit and non-attest engagement claims
  • See Network Security & Theft of Data flyer for details about this endorsement.