Source: Carrier website and product data
BTIS: Accounting Firms Insurance Appetite
BTIS writes accounting firms at standard terms for clean accounts. As an MGA, BTIS can access multiple carrier panels – helpful when the accounting firms account has unusual exposures that standard markets decline. E&O limits should match the largest engagement – a $500K audit opinion exposure needs at least $500K in E&O limits
Available Lines
| Line of Business |
|---|
| Business Owners Policy (BOP) |
| General Liability |
| Commercial Property |
| Workers' Compensation |
Premium Range
$2,000-$15,000
Typical annual premium
Target States
Most states (varies by carrier)
Key Features
- Best Choice Contractor General Liability covers accounting firms operations with Blanket Additional Insured (WOS & Primary/Non-Contributory)
- Workers' comp for 3-30 employees with experience mod-based pricing
- BTIS provides professional liability (E&O) with prior acts coverage for claims arising from past work
- BTIS provides subpoena and regulatory defense cost coverage for IRS and state board proceedings
Limitations
- No professional liability (E&O) available – must be placed with a specialty carrier
- Cyber liability not available – consider a standalone cyber market for accounting firms data exposure
- Investment advisory services and securities work require separate financial services E&O – not covered under accounting E&O
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