Accountants Paying More For E&O Coverage If there was any expectation that the current EnronArthur Andersen fiasco would severely impact accountants professional liability coverage, accountants can find some solace in the fact that the hardening market conditions have already done that for them, producers say.
Premiums are up along with retentions, but coverage is available, they report.
The broker executives note, however, that an accounting firm with a practice devoted to public-reporting companies can expect higher premiums on renewals than the majority of firms that deal primarily with privately-held companies.
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