Newest Posts External Links | Marketplace
Errors And Omissions Insurance CarriersPosted on March 18, 2010. How can I make a claim against an accounting error professional liability insurance? he refuses to cooperate or provide information on carriers. Technically, only the lessee can "make a claim." You can ask his insurance to pay, if they do not, your only option is to pursue the chartered accountant. You can not. E & O does not work like auto insurance - even if you knew who was the carrier, they would not talk to you or to ask you a report. E & O, as mentioned by another answerer here, does not work like auto insurance. You can not file a claim on your accounting E & O policies, the insured may file a claim. If you have a problem with your accountant, then you should continue. His E & Y provide a legal defense on his behalf and he / she loses the case, the E & O policy cover the losses. (Or more likely the E & O carrier will settle the suit before it is ever to court if you have a good example.) It is required to provide this information for you on his E & O insurance. That's why he pays his premium every year to cover such things. CommentsThere are no comments.Leave a Comment |