Accountants Express (ACEXP)
Overview
Section titled “Overview”Accountants Express (ACEXP) provides a streamlined professional liability product for accounting firms with simplified underwriting and rating.
Rating Algorithm
Section titled “Rating Algorithm”Express Premium Tables
Section titled “Express Premium Tables”Premium is calculated using a quick lookup table based on the firm’s gross revenue and the selected limit. New York has a separate rate table with state-specific premiums.
Limit Options
Section titled “Limit Options”Pre-packaged per-claim and aggregate limit combinations are available for quick quoting. No custom limit entry is needed — just select from the standard packages.
Deductible Options
Section titled “Deductible Options”Pre-configured deductible tiers with corresponding premium credits. Select the deductible from the available options for the chosen limit.
Express vs Standard
Section titled “Express vs Standard”| Feature | ACSTD (Standard) | ACEXP (Express) |
|---|---|---|
| IRM | Full questionnaire | Simplified |
| Rating | Full algorithm | Premium table lookup |
| Credits | Multiple (AOP, longevity, peer review) | Limited |
| Quote Steps | Multi-step with all options | Quick quote stepper |
| Underwriting | Full guidelines validation | Simplified review |
Coverage
Section titled “Coverage”- Professional liability for accounting firms
- Claims-made coverage form
- Optional cyber coverage add-on
- Standard endorsement package