The new program will reportedly strengthen and expand CAMICO’s capacity for providing coverage and risk management services, especially to larger CPA firms. The new program’s policy wordings will match existing CAMICO policy forms, and firms will have direct access to the range of CAMICO’s advisory, loss prevention, and claims services and resources.
The CAMICO-LIU program will be administered through CAMICO’s wholly owned subsidiary, CAMICO Insurance Services (CIS). The new program will focus primarily on policies with limits of $3 million and higher and will be underwritten by LIU using Liberty Mutual Group companies that are rated “A” (Excellent) by A.M. Best Co.
The CAMICO-LIU program will reportedly help protect firms against malpractice claims and damages from errors committed while providing professional services.