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07 Dec

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.

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30 Nov

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:
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  • Hackers have begun to go after smaller firms as "soft targets."
    • 30 Nov

    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

    • 05 Dec

      Six Tips for Safe Holiday Celebrations

      Employer-hosted events to celebrate the holidays and thank employees for jobs well done often come with liability and other risks when the events include alcohol.

      "Impaired judgment and lowered inhibitions as a result of alcohol consumption give rise to a variety of dangers,... read more

    • 13 Nov

      How to respond to subpoenas

      CPA firms are often uncertain about whether or how to respond to a subpoena, as they also need to comply with a number of rules and regulations that are intended to protect client confidentiality. The following Q&A focuses on understanding the nature of subpoenas and how CPA firms can ... read more

    • 13 Nov

      The New 'Hosting Services' Interpretation

      Under the new "Hosting Services" ethics interpretation in the AICPA's Code of Professional Conduct (ET §1.295.143), effective July 1, 2019, CPA independence is impaired by taking responsibility for hosting a client's data or records. As such, if the only way that the client can access its... read more