The National Association of Certified Valuation Analysts has partnered with Primus Assurance Group to design liability policies specifically for business valuators.
The policies are being offered to NACVA members at a discount to traditional accountants’ liability policies.
The plans not only address the needs of accountants, but also incorporate the specific needs of practitioners and firms that offer the niche services of valuation, litigation support, and forensic accounting. Overall premium pricing reflects the standards and protocols of NACVA.
Primus offers a wide range of coverage limits, deductibles, and optional coverage types to meet the needs of small, medium, and larger firms, with varied mixes of practice areas covering traditional accounting and tax as well as business valuation and litigation consulting. Primus tested the new program using information from NACVA member firms, ranging from solo practitioners to firms with 60-plus professionals with multiple locations. The pilot program resulted in better A.M. Best ratings as compared to the member’s existing carrier, and an average premium savings of 24 percent for all policies quoted.
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