Business Liability-Property and Workers’ Compensation

CPAs face many risk exposures that stem from a variety of business areas and may cause major coverage gaps. Two such areas, sometimes overlooked, are business liability/property and workers’ compensation. Consider the following scenarios and solutions:

Business Liability


Problem – Your firm hosts a reception where alcohol is served, and a tipsy client trips and breaks his wrist. He sues your firm for medical expenses, loss of income, pain and suffering.

5 Ways To Get The Most Out Of CAMICO's Insurance Plans

Becoming a CAMICO policyholder doesn't just insure you against liability claims. CAMICO's member resources can help your firm grow and become more productive and valuable to clients.

Protect Yourself As You Grow: Engagement Letters

A clear, comprehensive engagement letter is one of your best protections against future disputes. CAMICO can help you expand into new practice areas without putting yourself at risk.

CAMICO's member website has more than 90 sample engagement letters. These are just a few of the practice areas covered:
  • Hackers have begun to go after smaller firms as "soft targets."
  • The 3 Biggest Reasons Accountants Need Cyber Coverage and Professional Liability Insurance

    Cybersecurity has become an increasingly important topic in public consciousness. In the past years, hackers have stolen vast amounts of consumers’ financial information and targeted national political parties. CPAs, like any group of professionals who handle confidential information, need to take steps to secure their clients’ data.

    If something goes wrong, accountants need to be insured for expenses and damages from the data breach. Here are some of the reasons why.

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    Latest Articles

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      When fraud is suspected

      Before taking any steps to help a client that may have suffered a fraud or misappropriation of assets, ask yourself the following questions:

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    • 27 Jul

      When to Use Mediation and Arbitration

      Mediation for all disputes

      Claims experience has shown that mediation has a high success rate when used as a first step to resolve all disputes, regardless of the engagement. CAMICO therefore recommends mediation for all disputes and engagements, except when the anticipated cost of... read more

    • 18 Jun

      AICPA Benevolent Fund

      As a CPA, you are a member of a growing, vibrant professional community that has afforded you great opportunities. As you plan your future, you may be considering ways in which you can help safeguard your community during times of struggle.

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    • 18 Jun

      CAMICO War Stories #111-A and #111-B

      #111-A: Tax Return Preparation, Hacker Attack — When a hacker penetrated the CPA firm’s computer network, the firm’s cyber coverage responded with an investigation and comprehensive services.

      #111-B: Business Management Services, Email Fraud — The client... read more