Accountants

Exclusive Accountants Professional Liability Insurance Program

Accountants Overview

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Through an exclusive arrangement with Hartford Financial Products, Target offers an outstanding Accountants Professional Liability Insurance Program.

2.5% New Business Bonus Throughout 2023, you’ll receive a 2.5% bonus on all new accountants policies placed through Target Professional Programs. If you don’t yet represent Target, please see Become a Target Producer.

Contact, Application and Submissions

Contact Target’s Accountants Expert:
Rosalind Hodges, (312) 855-2043
rhodges@targetproins.com

Applications and Submissions
Find Applications
Email Completed Applications: APL@targetproins.com

New Coverage Enhancements*

The following coverages are now included in The Hartford’s Accountants Professional Liability Policy, at no additional premium:
Pre-claim Expense Coverage
Spousal / Domestic Partner Liability Coverage
Workplace Violence Coverage
Not-for-Profit D&O Coverage
Deception Fraud Coverage
*May be pending approval in some states.

Eligibility

Full-time, private accounting firms with 1-50 professionals
Eligible classes include CPAs, Public Accountants, Enrolled Agents,Tax Preparers & Bookkeepers
PLEASE NOTE:This insurance coverage can only be placed by an insurance agent or broker. If you’re an accounting firm without an agent/broker, please send us an email and we’ll be happy to locate one for you.

Availability, Carrier Partner and Program Parameters

Availability

All states except: AK & HI

Carrier Partner

Hartford Financial Products (The Hartford) Rated A+ by A.M. Best

Program Parameters

Coverage Limits:Up to $5 Million
Minimum Premium:$500
Minimum Deductible:$1,000

Features and Benefits

Click on highlighted content below for coverage descriptions or explanation of terminology. Also see New Coverage Enhancements, above.
Claims made and reported policy
Prior Acts Coverage available for qualified firms
Multiple Extended Reporting Period options
Broad definition of professional accounting services
Coverage included for:
- Innocent Insured
- Newly acquired entities with 5 or fewer professionals
- Network Security & Theft of Data (See Flyer)
- Subpoenas
- Defendants Reimbursement
- Disciplinary Proceedings
- Discrimination Defense

Optional Defense Costs Outside the Liability Limits (additional premium)
50% deductible reduction on claims settled by Alternative Dispute Resolution
50% deductible credit for use of engagement letters in non-audit and non-attest engagement claims
See Network Security & Theft of Data flyer for details about this endorsement.

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