Click The future of privacy starts in California
By Rickard Jorgensen, FCII, ARM, ACIArb You may recall the recent blog postings in connection with the CCPA in California: http://cpagold.com/2018/11/consent-armageddon-is-coming/ http://cpagold.com/2018/11/are-new-statutory-claims-covered-by-your-cyber-policy/ http://cpagold.com/2018/11/california-privacy-laws-gdpr-ii/ The California Consumer Privacy Act of 2018 ["CCPA"] is effective Jan. 1, 2019 will give Golden State residents the right to find out what a company knows about them and get it […]
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Rickard Jorgensen - Posted in Accountants' professional liability insurance, Accountants' risk management, CCPA, Client records, Client relations, Cyber Liability, Cyber resources, Cyber risk management, data breach, Data protection, file documentation, GCPR, Privacy, Uncategorized
Nov, 05, 2019
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Up in Smoke III – The SAFE Banking Act is Major Step Towards Access to Banks and Credit Unions (and Service Providers) for Legalized Cannabis Industry
By Rickard Jorgensen, FCII, ARM, ACIArb This past month the majority of Democratic and ninety-one Republican members of the House of Representatives passed the landmark Secure and Fair Enforcement Banking Act of 2019, commonly known as the SAFE Banking Act. This law has been in development for six years and is intended to reduce the […]
- Posted by Rickard Jorgensen
- Posted in being sued, cannabis, Coverage, coverage limitations, Crime coverage, criminal behaviour, marijuana, professional liability claims, Uncategorized
- Oct, 08, 2019
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Professional Liability for CPAs – Understanding your coverage – Part IV – Exclusions
AKA what’s not covered…. By Rickard Jorgensen, FCII, ARM, ACIArb Whereas the coverage grant provides affirmative coverage, the exclusions take coverage away. If an activity is listed in the exclusions section of the policy, you do not have any coverage, no matter what the other sections of the policy state. It is the absolute […]
- Posted by jorgcpa
- Posted in Bad policies, coverage limitations, due diligence, exclusion, Fraud, Uncategorized
- Sep, 09, 2019
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Minimizing the risk of malpractice claims from lateral hires
By Rickard Jorgensen, FCII, ARM, ACIArb Many accounting firms have aggressive plans to build their practices and expand the range of services available to clients. Growth strategy is often comprises of several elements: Organic growth is the simplest and arises from marketing, business and employee development and cross selling services to clients. Mergers and acquisition […]
Professional Liability for CPAs – Understanding your coverage – Part III – the coverage grant
By Rickard Jorgensen, FCII, ARM, ACIArb Each insurer’s policy is arranged differently, and the items listed above can be located in different places and with different headings in each policy. However, by reading the explanations below, you should be able to locate them no matter where they are found within a policy. 1. Coverage Agreements […]
- Posted by Rickard Jorgensen
- Posted in Accountants' professional liability insurance, Bad policies, coverage limitations, definiti0on of professional services, definition of professional services, due diligence, insurance, policy coverage, policy wording, risk management, Uncategorized
- Aug, 12, 2019
- No Comments.
The Most Expensive Insurance Policy is Always the Cheapest One.
This following is an article by guest blogger, Aaaron Lipson of FounderPro about the perils of buying coverage based upon price considerations alone. In the past we have spent much time blogging about quality of coverage. Even our competitors often focus upon coverage over costs (even when we can point to coverage flaws in their […]
- Posted by jorgcpa
- Posted in Bad policies, Coverage, coverage limitations, full tort coverage, lawsuit, Uncategorized
- Jul, 10, 2019
- No Comments.
Professional Liability for CPAs – Understanding your coverage – Part I – the insurance application
By Rickard Jorgensen, FCII, ARM, ACIArb This is the first of a series of 5 articles that together provide a good description of the underwriting process for accountants’ professional liability insurance and the coverage for CPA firms. ————————————————————— The insurance application is the primary document required by the insurer to “underwrite” a risk. This underwriting […]
- Posted by jorgcpa
- Posted in Accountants' professional liability insurance, Accountants' risk management, checklist, Comprenhensive coverage, insurance, Insurance application, underwriting process, Utmost good faith
- Jun, 04, 2019
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Coverage for independent subcontractors via the CPAGold™ program.
By Rickard Jorgensen, FCII, ARM, ACIArb We recently received an inquiry from a CPAGold™ policyholder about whether there was coverage for subcontractors under the program. Simply speaking there is but only in regard to services performed on behalf of the Named Insured. While it is prudent and good risk management to verify that any subcontractors […]
- Posted by jorgcpa
- Posted in Accountants' professional liability insurance, indemnification clause, insurance, policy coverage, policy wording, subcontractors
- May, 13, 2019
- No Comments.
A cyber coverage “Fire Drill” – professional liability insurance implications of the CCH Axcess (Wolters Kluwer Tax & Accounting) malware attack.
By Rickard Jorgensen, FCII, ARM, ACIArb Last Monday we received a flurry of frantic phone calls from clients about the denial of access to the CCH Axcess program. On Monday May 6, between the hours of 8-10 a.m. E.T., accountants across the country started realizing their CCH products, which are based in the cloud, were […]
- Posted by jorgcpa
- Posted in CCH Axcess, Cyber Liability, Cyber resources, Cyber risk management, Data protection, Fraud, Phishing scams, security, Tax Services, Third party exposure, Uncategorized
- May, 13, 2019
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Evaluating Clients – Part Four – A Suggested Questionnaire
By Rickard Jorgensen, FCII, ARM, ACIArb You may recall the blog postings on the subject of client screening which appeared last year. To recap, these postings are: Evaluating Clients – Part One – Why you should evaluate clients? Evaluating Clients – Part Two – Assessing Potential Clients Evaluating Client – Part Three – Using Client […]
- Posted by Rickard Jorgensen
- Posted in Accountants' professional liability insurance, Client relations, Client screening, professional liability claims
- Jan, 28, 2019
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