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Use a Client Review to Head Off Potential Lawsuits

Posted by Kim Stone-Vilim, CPA on Mar 21, 2019 10:25:36 AM

The following article was written by Kim Stone-Vilim, CPA. Kim is the Accountants Program Manager at All Risks, Ltd. in Geneva IL. She can be reached at kstone@allrisks.com.

Insightful lessons can be learned by reviewing professional liability issues. With this in mind, Gallagher Affinity provides this column for your review. For more information about liability issues, contact Irene Walton at irene_walton@ajg.com.

Do you have difficult clients that don’t fit into your firm strategy or culture? Do you regularly debate whether or not you should continue the client relationship? This is a question CPA firms should ponder on a regular basis – ideally every six months, but annually at a minimum.
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Tags: National Programs, professional liability

Trustee Services Can Be Risky

Posted by Kim Stone-Vilim, CPA on Nov 15, 2018 9:39:18 AM

The following article was written by Kim Stone-Vilim, CPA. Kim is the Accountants Program Manager at All Risks, Ltd. in Geneva IL. She can be reached at kstone@allrisks.com.

You receive a message from a client: “Hey Mr./Ms. CPA, you’ve been my accountant for several years, and I’m finally getting around to putting my estate together.  Would you serve as my trustee?”

This seems like an innocent enough question and a way to earn some pretty easy fees.  Who wouldn’t say ‘yes’?  Well, not so fast!

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Tags: National Programs, professional liability

Good Preparation Can Be the Best Defense

Posted by Kim Stone-Vilim, CPA on Jul 27, 2018 2:50:37 PM

The following article was written by Kim Stone-Vilim, CPA. Kim is the Accountants Program Manager at All Risks, Ltd. in Geneva IL. She can be reached at kstone@allrisks.com.

With all the changes that regularly occur in the accounting profession, CPAs often find it difficult to both keep up with all the changes and continue to manage the day-to-day workload. During these times, the temptation to cut corners or do the minimum may be too great for some. Procedures and guidelines, therefore, are critical to your business’s risk management efforts. These guidelines must be communicated to and followed by all to help protect your firm from future legal problems.

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Tags: professional liability

All Risks Architects & Engineers Professional Liability Newsletter

Posted by admin on Mar 26, 2018 11:50:14 AM

 

IT'S 2018 AND GUESS WHAT...

THE CONTRACT STILL MATTERS

WHY ARCHITECTS & ENGINEERS MUST REALIZE THE SIGNIFICANCE OF THEIR CONTRACTS

FEATURE ARTICLE COURTESY OF MEGAN LIBER, ESQ. & BRIAN STEWART, ESQ.

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Tags: National Programs, architects and engineers, professional liability

All Risks, Ltd. was formed as an excess and surplus lines facility in 1964. Employing over 875 professionals in 27 locations, we deliver comprehensive commercial and personal insurance solutions exclusively to retail agents and brokers. As brokers or underwriters, we are our agents’ licensed navigators in the specialty insurance market. All Risks provides a full-service platform of brokerage, contract binding and program capability.

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