Accountants Liability Insurance

(redirected from Accountants Professional Liability Insurance)

Accountants Liability Insurance

An insurance policy providing coverage in the event an accountant is involved in a lawsuit involving his/her professional conduct. That is, accountants liability insurance pays for the accountant's legal fees, and, if necessary, damages arising from a lawsuit. Many accountants purchase liability insurance to reduce their personal risk in case they make a mistake in their work.
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The site details information about the Accountants Professional Liability Insurance Program, which the AICPA established in 1967 to ensure that quality professional liability insurance is available to AICPA members.