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.

  • Typical insurers cut down points of contact with policyholders in an attempt to reduce claims and their staffing needs.
  • Five Things to Look For in a CPA Insurance Provider

    Accountants face unique challenges when it comes to CPA liability insurance, and finding the right provider can be difficult. However, a knowledgeable and experienced industry veteran can help you decide on the right company to trust with your insurance and risk management program. Below are five major factors that CPAs should consider.

    Make sure your broker and insurer know the business.

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    Latest Articles

    • 13 Sep

      Proactively Managing Fee and Collection Issues

      An effective way to avoid having a collection problem in the first place is to communicate with the client regarding your billing and collection policies, and to include stop-work or disengagement provisions, or both, in your engagement letter. Such provisions can then be enforced if the c... read more

    • 03 Sep

      What’s the Right Policy Limit for Your Firm?

      If one had to choose the question most frequently asked by CAMICO policyholders, the likely winner would be, "What should our policy limit be?"

      This is not an easy question to answer, which may explain why it is asked so often. Regardless of your level of expertise in C... read more

    • 21 Aug

      Preparing for the Next Recession

      Economic conditions historically have a significant impact on CPA professional liability claims. When the economy is doing well, and businesses are relatively flush with money, people are less likely to notice funds missing. Fraud therefore tends to flourish and go undetected in good times... read more