Malpractice insurance

[cpabsd]

Who do you use for malpractice insurance?  I've never had a claim, but the rates keep going up each year.  Because I am a PLLC, my state requires a million in coverage even though I would otherwise not need that large of coverage.  

[Lion EA]

I have a group plan via NAEA; underwriters vary by state. Check with your professional groups, and consider adding Cyber insurance, too. (I did.)

[Margaret CPA in OH]

 I just paid mine through AICPA.  I opt for $100K/$250K with NetProtect or Cyber insurance.  I also have a million general liability through other insurance but this is not specifically malpractice.  I've never had a claim in 25+ years (whew!) and benefit from Engagement letter credit of 5%, CNA longevity credit of 10% and Claim Free Credit of 5%.  Yes, the rates have increased somewhat but the $190 NetProtect is the ugly part, I think.  But I would not go without it these days.

[Lee B]

I pay $ 340 a year for $ 250,000 of coverage thru Hiscox.

[Terry D EA]

I pay $396.00 for 1M coverage thru Hiscox as well. Never had a claim in 24 years either but as others have said, can't be without it.

[michaelmars]

I never had a claim but I have used their resources to talk to an attorney over some client situations and one I was supeona'd and their lawyer got it squashed. 

Insurance companies are chartered by state so my company might not write for yours.