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Tag: COVID-19

Accountants Professional Liability Insurance Adviser

Pandemic-related challenges likely to impact your firm in the immediate future

By  Rickard Jorgensen, FCII, ARM, ACIArb. Staff and firms have been eager to get back to work but the reality is that the workplace has changed for ever.  It is likely that this “new normal” will continue until there is a widely available and effective vaccine. This leaves firms in a state of limbo.  The…
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Some Broad Guidance for CPAs on the Post-COVID-19 Reopening of Your Office

By Rickard Jorgensen, FCII, ARM, ACIArb CPA Firms have a number of questions when planning the office reopening process.  The most significant challenge is staff safety, as well as clients and other visitors.  Liability if someone is contaminated, especially staff, is uncertain and Government guidance often.  It is wise to continually monitor guidelines from the…
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COVID-19 and management liability: how can D&O coverage help in this pandemic

by Rickard Jorgensen, FCII, ARM, ACIArb. There has been a lot of news about the desire to obtain coverage for COViD-19 claims under a business interruption policy.  The legal fights with insurers and proposed laws to retroactively secure coverage for various business are reported every week (see a recent article about a law proposed in…
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Our first COVID-19 related claim against a CPA Client

by Rickard Jorgensen, FCII, ARM, ACIArb. We have been scanning the metaphorical horizon to see how the pandemic is impacting CPAs and generally, although many firms have seen a depression or shift in fees to later in the year, there have been very fee actual professional liability claims against CPAs. However, there is always an…
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