Lexington Insurance Co., a subsidiary of American International Group Inc., introduced a product for accounting firms.
LexAssureSM is professional liability insurance designed for small- to mid-sized regional accounting firms with annual revenue greater than $1,000,000.
LexAssureSM covers major accounting practice areas, with coverage extending to business consulting, investment advisory services, financial planning and estate planning. In addition, LexAssureSM provides coverage for personal injury that arises out of professional services rendered and advertising injury.
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.
