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?

Reply to
jack
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"jack" wrote

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.

Reply to
Paul Thomas, CPA

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