Insurance Management Consultancy

Occupational Professional Third Party Liability

Accountants

Professional indemnity coverage for accountants comprises the following areas:

• in activities defined as "management of the affairs of others" as provided for in articles 2028 and 2032 of the Italian Civil Code, provided that these activities fall within the professional competence of the insured person
  
  
• in the performance of public or judicial duties connected with tasks assigned by judicial and/or administrative authorities in so far as the duties connected with the professional activity specified in the policy are carried out
  
  
• in the performance of extrajudicial activities as liquidator of companies
  
  
• in the exercise of accounting and tax management and consultancy activities of companies/clients carried out by the insured himself in his capacity as freelancer
  
  
• in the case of penalties of a fiscal nature, fines or penalties imposed on his clients for errors or omissions attributable to the insured himself, including as a result of draft laws 471/97, 472/97, 473/97 and subsequent amendments and additions, in the exercise of the activity of chartered accountant
  
  
• in the event of financial losses resulting from the loss, destruction or deterioration of non bearer acts, documents and securities, provided they are not caused by theft, robbery or fire
  
  
• in the case of financial losses resulting from the involuntary disclosure of information on third parties, including clients
  
  
• in the performance of his/her duties as a freelance lecturer and holder of a university chair, limited to economic, fiscal and tax matters
  
  
• in cases of civil liability arising from negligence or wilful misconduct on the part of the insured party, committed by employees, consultants and collaborators. Without prejudice, in such a case, to the rights of recourse against such persons where they have acted "with intent
  
  
• in cases of civil liability arising from the insured for damage caused to third parties by collaborators, consultants and professionals in general in the context of a non-employee employment status. Provided that it is shown that the emoluments or the amounts or fees paid to such persons have been declared in the insurance contract
  
  
• as a member of a Tax Commission, or as a representative/assistant of the taxpayer before a Tax Commission
  
  
• the use of electronic fee collection systems, including the electronic submission of tax returns.