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Old 09-04-2008, 06:41 PM
Paul Thomas, CPA
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Default Re: How does accountant's liability insurance work?


"jack" <jack[at]yahoo.org> wrote
- quote -

> Is it like automobile insurance where you pay a deductable
> and the rest is the insurance company's problem; or do
> you have a share of the legal fees and judgement?






It would depend on your carrier and the policy you select. So maybe ask
them.

Mine has a deductible and they pay after that up to a dollar cap per claim
and/or per year.






--
Paul A. Thomas, CPA
Watkinsville, Georgia

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
  #-1  
Old 09-04-2008, 06:25 PM
jack
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Posts: n/a
Default How does accountant's liability insurance work?

Is it like automobile insurance where you pay a deductable and the rest is
the insurance company's problem; or do you have a share of the legal fees
and judgement?

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
 

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accountant, insurance, liability, work
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