About Camico mutual insurance company
Camico Mutual Insurance Company: Providing Comprehensive CPA Liability Insurance Solutions
Camico Mutual Insurance Company is a leading provider of professional liability insurance solutions for Certified Public Accountants (CPAs) in the United States. The company was founded in 1986 by a group of CPAs who recognized the need for specialized insurance coverage that would protect their fellow professionals from the unique risks and challenges they face in their line of work.
Today, Camico offers a wide range of insurance products and services designed specifically for CPAs, including personal liability coverage, cyber liability protection, employment practices liability insurance (EPLI), and more. With over 30 years of experience serving the accounting profession, Camico has earned a reputation as one of the most trusted names in CPA liability insurance.
Personal Liability Coverage
One of Camico's core offerings is its personal liability coverage, which provides protection against claims arising from errors or omissions committed by CPAs while performing professional services. This type of coverage is essential for any CPA who wants to safeguard their assets and reputation against potential lawsuits or legal action.
Camico's personal liability policies are tailored to meet the specific needs and requirements of individual CPAs. They offer flexible limits and deductibles that can be customized to fit each client's unique situation. In addition, policyholders have access to a team of experienced claims professionals who can provide guidance and support throughout the claims process.
Cyber Liability Protection
In today's digital age, cyber threats are an ever-present danger for businesses across all industries - including accounting firms. That's why Camico offers comprehensive cyber liability protection designed specifically for CPAs.
Their CyberCPA policy provides coverage against data breaches, network security failures, social engineering attacks (such as phishing scams), and other types of cyber threats that could compromise sensitive client information or disrupt business operations. Policyholders also have access to resources such as risk assessments, training materials, breach response planning tools, and more - all aimed at helping them stay ahead of emerging cyber risks.
Employment Practices Liability Insurance (EPLI)
Another area where Camico excels is in providing EPLI coverage - which protects businesses against claims related to employment practices such as discrimination or harassment allegations made by employees or former employees.
For accounting firms with employees on staff - whether full-time or part-time - EPLI can be an essential component in managing risk exposure related to human resources issues. With Camico's EPLI policies , clients receive broad-based protection that covers not only defense costs but also damages awarded if they lose an employment-related lawsuit.
Other Products & Services
In addition to these core offerings , Camico also provides several other products & services aimed at meeting the unique needs & challenges faced by CPAs:
- Business Owners Policy: A package policy combining property & general liability coverages
- Workers' Compensation: Coverage required by law when you have employees
- Fiduciary Liability: Protects plan sponsors from fiduciary-related lawsuits
- Employee Benefits Liability: Covers errors made administering employee benefits plans
- Risk Management Consulting Services: Provides guidance on best practices related to risk management strategies
Why Choose Camico?
There are many reasons why so many CPAs choose Camico when it comes time to purchase professional liability insurance:
1) Experience – With over three decades serving accountants across America , they've seen it all.
2) Customization – Policies tailored specifically towards your firm’s needs.
3) Claims Handling – Their team has extensive experience handling complex claims.
4) Risk Management Resources – Accessible online tools help you manage your practice’s risks proactively.
5) Financial Stability – Rated A-(Excellent) by AM Best since 1992.
Conclusion
If you're looking for comprehensive CPA-specific professional indemnity coverages backed up with excellent customer service then look no further than CAMICO Mutual Insurance Company . Their policies are customizable based on your firm’s size & scope; plus they offer additional coverages like Cyber Security Protection , Employment Practices Liability Insurance (EPLI), Workers’ Compensation Coverage among others . So if you want peace-of-mind knowing that your practice is protected from potential liabilities then contact CAMICO today!
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