The worst part of every accountant’s job is receiving the dreaded communication from a client or client counsel that they are bringing a claim against them. What happens now?
Stephen Vono, host of RiskyRecords, has a frank discussion with defense attorney Peter Larkin of Wilson Elsner about some of the misconceptions in claims handling that they have heard over the years with the intent of raising every policyholder’s comfort level in understanding that accountants’ professional liability insurance companies have a duty to defend you and will do so. Stephen’s discussion touches on when and what to report, premium at policy renewal, your participation during defense, and much more.
Peter’s choice of music for today’s podcast is David Bowie’s Diamond Dogs. Give RiskyRecords a listen, learn some essential things about your professional liability insurance, and go down musical memory lane with Stephen and Peter!