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Professional Liability Insurance

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Definitions for: accountants professional liability insurance
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.

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Industry Associations

Industry Associations
Physician Insurers Association of America
Physician liability insurance companies, including domestic physician and dental liability insurers, international affiliates, and reinsurers. Seeks to further the best interests of member companies in areas related to physician liability ...

Members: 60
Founded: 1977
Dues: affiliate, $2,800 annual; sustaining, $8,400 annual.