Professional Liability Archives | Huntersure

Recent Factors Affecting Professional Liability Claims and Costs

Posted on: September 5, 2019 by Huntersure LLC.

There are a number of factors that play a role in professional liability risk insurance. From economic issues to nationwide litigation trends, the professional liability insurance market can change at the drop of a hat. In 2019, financial and professional liability insurance rates in the U.S. increased by seven percent and will probably continue to […] Read More

Two Big Challenges with Prior Acts Coverage

Posted on: August 8, 2019 by Huntersure LLC.

A difficult concept for purchasers of professional liability insurance is what prior acts coverage refers to as well as claims-made policies. A negligence claim against a lawyer or any other type of professional, such as an accountant, typically evolves from services that were provided many years before the time of the claim. With this in […] Read More

Refocusing Accountant Efforts on Fraud Detection

Posted on: May 16, 2019 by Huntersure LLC.

Fraud is on the rise all across the country and across many industries. From personal tax returns to companies taking advantage of their clients, fraud continues to be a major issue. In New York, there are already efforts to combat fraud in state taxes, meaning the alarm bells for fraud, in general, are already sounding. […] Read More

Today’s Top Challenges for Accounting Firms

Posted on: May 9, 2019 by Huntersure LLC.

Tax season is in full force and accountants all over are taking care of returns for clients and companies, making sure they get everything checked off to avoid discrepancies. But outside of the annual tax duties that accountants face there are still a number of responsibilities they carry throughout the rest of the year. The […] Read More

The Most Important Topics for Accountants to Discuss With Their Clients

Posted on: May 2, 2019 by Huntersure LLC.

Accountants have a very important job during tax time, but that doesn’t mean they should slack in their relationship with their clients throughout the rest of the year. It’s important for accounting professionals to keep open communications with their clients through the entire year and know how to prioritize the topics in which they go […] Read More

Understanding the Guidelines of Attorney Professional Responsibility

Posted on: April 4, 2019 by Huntersure LLC.

Lawyers who represent any and every industry across the United States all take on a set of expected responsibilities that pertain to their role as a legal representative. Clients expect their lawyer to adhere to certain methods and responsibilities to keep transparency open and expectations of their legal issues discussed. Lawyers are required by their […] Read More

Why Prior Acts Coverage is Beneficial for Accounting Firms

Posted on: February 14, 2019 by Huntersure LLC.

There are many liabilities that accounting firms face every day and when it’s tax season, those liabilities become even more serious. From errors and omissions to seemingly simple mistakes to a complete system breakdown within the firm, the role of an accounting firm and its accounting professionals that help keep is based on meticulousness and […] Read More

What CPAs Can Do to Prepare for the 2019 Tax Season

Posted on: February 7, 2019 by Huntersure LLC.

Tax season 2019 has officially landed and people and businesses are starting to get their filing done. With systems like Turbo Tax and H&R Block online, tax filing is quicker, easier and cheaper in some cases. But while people are choosing to go the digital route for filing their taxes, CPAs are still handling the […] Read More

Accountant Liability Insurance Exposures To Watch For

Posted on: January 17, 2019 by Huntersure LLC.

This blog was originally published on February 19, 2015. It was updated and re-published on January 17, 2019. Accountants handle a lot of sensitive data—be it personal or financial—on any given day. While this paints a picture as to the importance of an accountant’s job, it also brings about the fact of the risks they […] Read More

Why It’s Important to Know an Attorney’s Lawsuit History Before Hiring

Posted on: December 13, 2018 by Huntersure LLC.

In the world of legal practice, which is rife with plenty of change from moment to moment, law firms should consider the repercussions of hiring attorneys without a thorough investigation into their past or pending lawsuits. While it’s in the nature of the beast for attorneys to face possible legal risk of their own, it […] Read More