Lexington Rolls Out Professional Liability Coverage for Accounting Firms

Lexington Insurance Company, a member company of American International Group Inc., introduced LexAssure, primary professional liability insurance designed for small- to mid-sized regional accounting firms with annual revenue greater than $1,000,000.

In addition to providing coverage for personal injury that arises out of professional services rendered and advertising injury, LexAssure covers business consulting, investment advisory services, financial planning and estate planning.

LexAssureSM is offered as a non-admitted policy and is available on an open brokerage basis. Minimum premiums start at $15,000 for the first $1 million in limit. Capacity is available up to $15 million with a minimum deductible of $10,000.

Source: American International Group Inc.