The risk of malpractice lawsuits arising from Year 2000-related engagements is serious for CPAs, especially when services include remediation engagements. As a result, operational breakdowns associated with Y2K are predicted to be extensive and will dramatically increase the malpractice risks of CPAs. A special Y2K claims group has been organized to support Programs insureds through consistent use of successful defense strategies. Additionally, the Programs have introduced a variety of Y2K-focused Risk Management articles to alert CPAs to the latest information on this volatile issue. Some of the materials appearing on-line may be of interest to clients as well.
Updates appear on a regular basis.
The Programs are underwritten by Continental Casualty Company, one of the CNA Insurance Companies. CNA is a registered service mark and trade name of CNA Financial Corporation. Coverage for any claim is dependent upon the specific facts and allegations of the claim, and is governed by the terms, conditions, and exclusions of the policy.