Professional Liability Insurance
CPA Value Plan
Premium Savings
Manage Your Risk and Save
With the CPA Value Plan, it pays to practice effective risk management.
When you take a pro-active approach to managing liability, you'll
benefit from valuable reductions in the cost of coverage:
Premium Savings
- New Private Companies Practice Section (PCPS) Credit - Members of PCPS now receive premium credit of 5%. Members of PCPS with either Employee Benefit Plan or Governmental Audit Quality Center will receive premium credit of 10% (up to $400 discount per policy). Members of PCPS and both the Employee Benefit Plan and Governmental Audit Quality Centers receive premium credit of 15% (up to $600 discount per policy).
- Engagement Letter Credit - Premium credit of up to 5% for firms
which regularly use engagement letters.
- Peer Review Credit - Credit of 5% for firms that have undergone
recognized Peer Review within the last three years and obtained an
unqualified opinion.
- Experience Rating Credit - Credit available for firms with
favorable claims experience.
- Risk Management - Affordable Risk Management training programs give policyholders the opportunity to cash in on significant savings. Upon program completion, seminar and webcast attendees can earn CPE credit and up to 7.5% premium credit per year - for three consecutive years!
Deductible Reductions
The Engagement Letter Advantage — If you use an engagement letter for non-audit and non-attest services within the policy guidelines in a covered claim, the deductible applying to the claim will be reduced by 50% up to a total of $5,000.
The Merits of Mediation — When a claim is resolved for an acceptable amount via mediation by an independent, compensated third party (without institution of arbitration proceedings or service of suit), the deductible will be reduced by 50% up to $50,000.
Note: The above description is for illustrative purposes only and is not a contract. Please remember, only the insurance policy and the premium financing agreement, if applicable, can provide the actual terms, conditions, and exclusions.
One or more of the CNA companies provide the products and/or services described. The information is
intended to present a general overview for illustrative purposes only. It is not intended to constitute
a binding contract. Please remember that only the relevant insurance policy can provide the actual
terms, coverages, amounts, conditions and exclusions for an insured. All products and services may
not be available in all states and may be subject to change without notice. CNA is a service mark
registered with the United States Patent and Trademark Office. Copyright © 2008 CNA. All rights
reserved.
Aon Insurance Services is a division of Affinity Insurance Services,
Inc.: in CA, MN & OK, (CA License #0795465) Aon Insurance Services is a
division of AIS Affinity Insurance Agency, Inc.; and in NY, AIS Affinity Insurance
Agency.
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