Coverage Features

Basic Coverage - Automatically includes coverage for the following services:

  • Tax return preparation
  • Client representation before the IRS or any governmental taxing authority
  • Tax advice
  • Bookkeeping
  • Payroll processing
  • Notary Public
  • Data processing
  • Computer hardware and software recommendation, installation, and client training.

Enhanced Coverage - Optional coverage is available by endorsement for the following professional services when implementing a financial plan:

  • Financial planning
  • Investment advice
  • Investment portfolio management
  • Product sales by Registered Representatives and Life Insurance Agents of the following "Financial Products" and "Insurance Products":
    • financial instruments insured by the FDIC;
    • United States treasury securities and savings bonds;
    • bonds issued by U.S. based entities that have a Moody's Investors Service Financial Strength rating of Baa or better;
    • mutual funds registered with the Securities Exchange Commission
    • equities traded on U.S. or Canadian exchanges issued by an entity able to meet the minimum capitalization and other requirements to maintain listing on the NASDAQ SmallCap Market. This does not include real estate investment trusts;
    • variable life products, variable annuities, fixed annuities, life, health, accident or disability contracts issued by an insurance company with an A.M. Best Financial Strength rating of B or better.

Covers Entire Staff

The Plan covers all firm principals, partners and employees. This includes full-time, part-time and seasonal employees for professional services noted above performed on the firm's behalf.


Innocent Partners Coverage

You are protected in the event of criminal, dishonest, fraudulent or malicious acts by another firm member as long as you did not commit, have knowledge of, or participate in such activities.


Range of Liability Limits

EZ Insurance Solutions provides limit of liability options that include both a per claim limit and a higher annual aggregate limit. Liability limits available are:

• $100,000/$250,000
• $250,000/$500,000
• $500,000/$1,000,000
• $1,000,000/$2,000,000


Claims Expenses Outside the Limits of Liability

A separate but equal limit of liability is provided for the payment of legal fees, court costs, and other expenses related to defense. With this feature, the entire limit of liability is available for the payment of damages.



Two annual aggregate deductibles are available: $500 and $1,000.


Defendant's Reimbursement

The Plan will pay $35 per hour for the time spent when requested by CNA, the Plan underwriter, to attend a trial, court hearing, mediation or arbitration proceeding in connection with a covered claim.


Defense of Third Party Discrimination Claim

The Plan will provide defense for claims of third party discrimination arising from your alleged refusal to provide professional services based upon alleged discrimination for reasons of age, race, creed, color, gender, religion, national origin, disability, marital status or sexual preference.


Prior Acts Coverage

Full prior acts coverage is available to qualified firms.

Extended Claim Reporting

The Plan automatically provides sixty days Extended Claim Reporting Period coverage. Additional extended claim reporting periods can be purchased for one, three or five years in most states.


Experienced Defense Counsel

Attorneys experienced in professional liability law are promptly teamed with insureds faced with a professional liability lawsuit so that a strong defense may be prepared.


Consent to Settle

Settlement to any claim is made only with the Insured's written consent.


Employee Dishonesty - Optional Coverage

The employee dishonesty endorsement provides coverage for employee theft of money, securities, and other tangible property from clients of the insured as well as from the insured.

Competitive Rates

The Plan offers highly competitive rates for all size firms.


Premium Financing

Premium financing is available for qualified firms. Contact Affinity Insurance Services for current financing information.