Boston, MA and Dallas, TX – Liberty International Underwriters (LIU), a division of Liberty Mutual Group, and ProTexn, Inc. announce that CPAEssential(SM), an accountants’ professional liability policy designed specifically for CPAs and CPA firms, is now available in 34 states plus the District of Columbia.
“In the wake of Enron and Sarbanes-Oxley, today’s accountants are being held to the highest standards ever,” said LIU Senior Vice President, Bruce Eisler. “CPAs can do all the right things and still be hit with costly lawsuits. LIU gives accountants insurance peace of mind so they can focus on growing their practices.”
All CPA firms should secure quality insurance protection against malpractice claims. However, the coverage provided by CPAEssential(SM), is especially important for sole proprietors and small CPA practices that don’t have the deep pockets of larger firms. CPAEssential(SM) is geared especially for companies employing up to 75 accounting professionals.
“Our CPA-led underwriting staff understands the risks that today’s accountants are facing,” said ProTexn President, Joseph Barnard. “Their expertise combined with LIU’s primary limits of liability up to $10 million and excess coverage market, helps accountants get the coverage they need to stay in business.”
LIU and ProTexn are working to make CPAEssential(SM) available countrywide and approvals are pending in several other states. Agents interested in becoming appointed by LIU to offer CPAEssential(SM) to accounting firms should contact Mr. Barnard at 1-800-441-9196 or joebarnard@protexn.com. Product information, application forms, and a downloadable fact sheet are available at www.cpaessential.com.
About Liberty International Underwriters
Established in 1999, LIU (www.libertyiu.com) provides a diverse range of specialty products distributed exclusively through the independent broker network. LIU’s staff of over 600 professionals offers core products in many classes of business including: marine, energy, engineering, casualty, professional liability and directors & officers insurance from its offices in North America, Europe and Asia Pacific.
About Liberty Mutual Group
Boston-based Liberty Mutual Group (LMG) is a leading global insurer and sixth largest property and casualty insurer in the U.S. whose largest line of business is personal auto based on 2003 direct written premium. As of December 31, 2004, LMG had $72.4 billion in consolidated assets and $19.6 billion in annual consolidated revenue. The Company ranks 111th on the Fortune 500 list of largest corporations in the United States for 2004.
About ProTexn, Inc.
ProTexn, Inc. (www.protexn.com) is a Dallas-based insurance agency specializing in liability insurance programs for accountants and other professionals with 20+ years experience in writing professional liability business for national and small public accounting firms. Founded in 1979, ProTexn conducts business on a national scale and is the appointed program manager for Liberty International Underwriters.
For more information about this product or story, contact:
Joe Barnard, ProTexn
800-441-9196
joebarnard@protexn.com
Judith Olivier, LIU
212-208-4163
Judith.olivier@libertyiu.com
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