Our Insurance Company
The association was formed in 1987 to serve the liability needs and concerns of its members. One of those concerns was reliable professional liability insurance protection.

With the cancellation of a group policy offered by a large national carrier, the Association incorporated PMCA Liability Insurance, Ltd., (PMCALIL) a Cayman Islands captive insurance company controlled and managed by member consultants. The company was created with the unique risk management and liability needs in mind.

From the initial request for capital in 1988 PMCALIL has grown to over $4 million in assets with $2.75 million in surplus. Though operating to make a profit the company has returned over $800,000 in premiums to members when realizing positive operating income.

APPROPRIATE COVERAGE
As an accountant/consultant you are protected for most services that you offer to clients. The policy excludes coverage for certain exposures considered to be uninsurable, but overall this coverage is extremely broad.

The policy protects you for your accounting, tax, bookkeeping duties, pension plan administration, billing and coding, mergers and acquisitions, practice valuations and brokerage, practice management advice, business planning, marketing, and personal financial planning. (It does not cover specific investment advice.)

Two classifications of coverage are offered. Premiums under the claims made policy range from $1,000 to $1,975 per year per consultant depending on the type of work you perform.

Contact us for a quote!