CAMICO – CPA Professional Liability Insurance and Risk Management Services
Endorsed by California Society of CPAs
CAMICO Mutual Insurance Company was founded by CPAs in the 1980s, introducing a new way of approaching
accountants’ professional liability insurance
that focuses on helping firms reduce their risk exposure. In addition to comprehensive policy coverage, policyholders have access to a wide range of practice and
risk management knowledge and tools
, created by CPAs for CPAs. Today, CAMICO continues to be the leader in innovation in practice and risk management solutions for CPAs and in providing CPAs nationwide with new insurance options, including employment practices liability insurance.
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12 Reasons to choose CAMICO as your CPA Professional Liability Insurance provider
1.
Committed to the security and success of CPAs
— CAMICO is the nation’s largest CPA-directed program of professional and employment practices liability insurance for the accounting profession. More than 7,500 CPA firms nationwide selected CAMICO because our commitment to the profession and expertise in risk management is second to none.
2.
Broad range of professional services covered
, including specific investment advice, computer consulting, business valuation, litigation support, trustee/executor and assurance services.
3.
Prior acts (retroactive) provision
ensures continuity of coverage for firms with professional liability insurance switching to CAMICO.
4.
Premium Credits
— New policyholders may be eligible for a 6% credit on their first year premium. In addition, all insureds selecting the Suit for Fees exclusion receive an ongoing 5% credit.
5.
Deductible credits of 50%
up to a maximum of $50,000 if firms report a potential claim prior to the claim being made
OR
for use of mediation to resolve claims
6.
Proactive approach to claims handling
— CAMICO believes in addressing an issue at the first sign of trouble. That's why we handle pre-claims matters on your behalf and at our own expense. No other program takes this proactive approach —- other carriers may let a matter escalate into a full-blown claim before even looking at it.
7.
Focused and active defense
— In the event of an incident or claim, CAMICO will not leave your firm to fend for itself as other carriers might. Our team of well-trained claims specialists will guide you through the process resolving the matter in a focused and expeditious manner.
8.
Comprehensive representation and counsel
when responding to legal processes, such as civil, criminal or grand jury subpoenas related to client information, and regulatory and third-party requests for information. As there is no additional cost, this service provides significant savings to policyholder firms.
9.
Unlimited access to risk management hotlines
— Policyholders have unlimited access to risk management hotlines for specialized advice by experts, most of whom are CPAs and JDs.
10.
Expert tax advice
— CAMICO provides expert tax review services and guidance on complex corporate, estate tax and gift tax issues.
11.
No-cost CPE
— CAMICO provides training and continuing professional education to policyholders through webcasts, self-study courses, in-firm presentations and group-live events, at no additional cost.
12.
Access to a comprehensive Members-only Site
that contains an extensive array of practice and risk management information such as sample engagement letters, disengagement letters, articles, war stories, resource centers, claims statistics, archived issues of
IMPACT, and no-cost CPE opportunities.
Contact Information
CAMICO
Tel: 1.800.652.1772
Email: inquiry@camico.com
Web: www.camico.com
Twitter: www.camico.com/twitter
Facebook: www.camico.com/facebook
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