Content Provider
Handout Materials
Presentation Slides
Additional Materials
Webinar FAQs
Practicalguide2018 cpamutual


Cost Free
Presentation Length 1.0 hour

Recorded DateOctober 17, 2018
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaManagement Services
Course LevelBasic
Course Description

The program will provide an update on practical risk management advice, tips, and lessons learned using case files, with the goal of helping attendees recognize the risk you and your firm face on a daily basis. This year we will review actual CPA Mutual claims from our past 30 plus years of experience. There are common threads and trends that run throughout our claim files and learning what these are may just save you time, money and your professional reputation. We will discuss current trends and the various exposures threatening CPAs and your ability to practice your profession. Sometimes professional standards just aren't enough to keep you out of court!

Not logged

William Thompson, CPA, RPLU, Bill graduated from University of Florida and earned his CPA certificate in 1982. He joined CPA Mutual in 1993 after gaining experience in both the public and private accounting arena. As President of CPA Mutual RRG, Bill is responsible for the daily operations, including but not limited to underwriting, policy issuance, risk management, accounting and reinsurance issues.

About Our Presenter

CPA Mutual was formed in 1986 to help alleviate a hard market for accountants' professional liability. Many of our members at that time could not find affordable malpractice insurance. Carriers dramatically increased premiums and reduced available limits. And some sent out nonrenewal notices, called it a day and left firms scrambling to find coverage. Since that time, CPA Mutual has worked hard to build lasting relationships and, as a result, we have maintained an average retention rate of over 93 percent. Many of our competitors in today’s market cannot match our near 26 years of consistent reliability, nor can they match our service exclusive to the CPA profession. More importantly for our members, CPA Mutual serviced 2,168 claim matters and paid or incurred $167,688,537 in claims cost!!! Not bad for a member-driven and member-owned company! Policy coverage has been broadened multiple times with coverage added for outside defense cost, aggregate limits and deductibles and electronic data coverage. CPA Mutual also has expanded coverage to include employment practices liability as well as a limited policy for small firms that do not provide attestation services. Our focus continues to be the CPA market. It’s been an exciting and fulfilling 25+ years. All of us here at CPA Mutual appreciate the confidence and continued opportunity to serve you, both our current and prospective members. We look forward to another 25 years of continued success and service.