Accountants Liability Insurance
Definition of "Accountants 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 acceptable accounting principles (gaap). The accountant could be found liable for his professional actions, and would be covered by this policy. However, if the accountant ran over someone or damaged property with a car, this policy would not provide coverage.
Popular Insurance Terms
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Annuity that continues income payments as long as the annuitant lives, ceasing upon the individual's death. ...
Coverage for goods during shipment on a common carrier. ...
Four-year institution of higher learning. The degree programs include insurance, risk management, actuarial science, and financial services. ...
Policy used to provide the funds for buy and sell agreements under which an income payment or a series of income payments is paid to the buyer of the disabled partner's interest contained ...
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Form provided for an inspection report. ...
Liability arising out of the operation of a motel or hotel as it pertains to the physical safety of guests and their property. ...
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