Lockton Affinity Partners with Monitor Liability Managers for Nationwide Accountants’ Professional Liability Program

OVERLAND PARK, Kan., Jan. 21, 2015 /PRNewswire/ -- Lockton Affinity, the affinity program management division of Lockton Companies, has selected Monitor Liability Managers (Monitor), a W. R. Berkley Company, for its national Certified Public Accountant (CPA) Professional Liability Program, which provides accounting firms with complete, customized commercial insurance solutions. Lockton is the world's largest privately held, independent insurance broker.

"Accounting firms across the country will now have the 'best-in-class' professional liability solution provided by the partnership of Lockton Affinity and Monitor," said Joe Ziegler, Chief Operating Officer for Lockton Affinity. "Lockton Affinity's robust, existing trading relationship with Monitor will offer our clients an array of quality risk management solutions, a wider scope of resources, and greater financial stability from our combined resources."

The Lockton Affinity team has more than 30 years combined experience in the accountant's professional liability marketplace and currently serves more than 1,700 accounting and financial professionals. Accounting firms receive the following benefits through the program:

• Admitted carrier, Berkley Insurance Company, rated A+ (Superior), Financial Size Category XV by A.M. Best Company
• A variety of limit and deductible options
• Price points to fit all types of practice complexities
• Supplemental coverage limits up to $100,000 to address client subpoena responses or regulatory complaints
• Deductible credit incentives for use of engagement letters and/or alternative dispute resolution
• Directors & Officers coverage for CPAs that participate on non-profit boards

The program includes risk management resources to help CPAs understand their exposures and protect them from possible legal implications.

"During the past year, Lockton has invested vast resources to build an all-star accountants professional liability team," said Diane Cummings, Executive Vice President of Monitor Liability Managers. "Accounting professionals will benefit from the experience and expertise of Monitor's collaboration with Lockton. This team will tailor innovative solutions for clients' unique risks."  

About Lockton Affinity
Lockton Affinity, LLC is a part of Lockton, the world's largest privately held independent insurance broker based in Kansas City, Missouri. Since 1987, Lockton Affinity has designed insurance programs to meet the dynamic, specialized needs of affinity groups, franchises, professional organizations, and associations of all sizes.

About Monitor Liability Managers
Monitor Liability Managers specializes in executive and professional liability and is a member company of W. R. Berkley Corporation, an insurance holding company that is among the largest commercial lines writers in the United States. Monitor issues policies through several W. R. Berkley Corporation member companies, including Admiral Insurance Company, Berkley Insurance Company, Carolina Casualty Insurance Company and Nautilus Insurance Company. All are rated A+ (Superior) by A.M. Best Company. For more information about Monitor, visit our website at monitorliability.com.

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SOURCE Lockton Affinity