Allianz Insurance: Excess Coverage for Certified Accountants
Additional Protection for Certified Accountants
The Allianz Excess Insurance for Certified Accountants was developed for certified accountants who wish to increase the coverage limit of their Professional Liability insurance; it serves as excess coverage in addition to the insurance policy provided by the Order of Certified Accountants.
Who is this insurance intended for?
This insurance is intended for all Certified Accountants who wish to purchase additional coverage beyond the mandatory insurance provided by the Order of Certified Accountants.
Coverage takes effect only after the capital guaranteed by the Order's policy has been exhausted.
What does Allianz Excess Insurance cover?
The insurance guarantees payment of the compensation legally owed to the Certified Accountant for:
- Property damage caused to customers;
- Property damage caused to third parties;
- Acts or omissions committed in the course of professional practice.
The coverage exceeds the policy limit set by the Order of Certified Accountants.
Supplemental Coverage
In addition to the mandatory coverage, the insurance includes additional coverage for Non-Contractual Civil Liability, covering the insured’s liability when:
- Owner of the property where the business is operated;
- Tenant of the property where he conducts his professional activities.
What is not included?
Among the main exclusions are:
- Acts committed outside the scope of one's profession;
- Financial guarantees of any kind;
- Damages caused to partners, managers, or legal representatives;
- Liabilities covered by another mandatory insurance policy;
- Criminal liability.
The supplemental coverage also excludes, among other things:
- Damages caused to the insured’s employees or agents;
- Damage to property entrusted to the insured, except for customer documentation necessary for the conduct of business.
Currencies and Available Options
The Allianz Excess Insurance for Certified Accountants offers three coverage options, tailored to the different needs of professionals.
Each option offers different levels of coverage, compensation limits, deductibles, and premiums.
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Every Certified Accountant has different needs when it comes to professional liability coverage. Our team is available to review your case and help you choose the solution best suited to your practice.
Frequently Asked Questions
Who is eligible to purchase the Allianz Excess Insurance for Certified Public Accountants?
This insurance is intended for Certified Accountants who wish to increase their Professional Liability coverage beyond the coverage provided by the Order of Certified Accountants. This solution provides additional protection for professional activities, serving as a supplement to the Order’s mandatory insurance.
Does this insurance replace the insurance provided by the Association of Certified Accountants?
No. This is supplemental insurance that applies only to amounts exceeding the coverage provided by the Order’s policy.
What Does Allianz Excess Insurance Cover?
It provides coverage for property damage caused to clients or third parties resulting from acts or omissions committed in the course of professional activities, as well as supplemental coverage for non-contractual civil liability under the terms of the policy.
How is the premium calculated?
The premium varies depending on the option chosen and can be paid annually, semiannually, or quarterly, subject to the installment fees specified in the policy.
Does the insurance include any additional coverage?
Yes. The insurance includes supplemental coverage for Non-Contractual Liability, which protects the insured against liability as the owner or tenant of the property where they conduct their professional activities.
Are there different protection options?
Yes. The Allianz Excess Insurance for Certified Accountants offers three coverage options, tailored to the different needs of professionals.
Each option offers different levels of coverage, compensation limits, deductibles, and premiums.
Can I choose the level of protection that best suits my needs?
Yes. The Allianz Excess Insurance for Certified Accountants offers three coverage options, with different coverage amounts, indemnity limits, deductibles, and premiums, allowing each professional to choose a solution tailored to their needs.