Accountants with an Extended Definition of Accounting Services Limit of Liability: €200,000 👉 Est. Cost: €885–€1,085 Down Payment Required €98

🔷 Accounting Services (Ασφάλιση Υπηρεσιών Λογιστικής)

🔶 Limit of Liability
🔹 Per Loss: €200,000
🔹 In the Aggregate: €200,000

🔶 Definition of Services
“Accounting Services” means any of the following:
🔹 📘 (i) Assurance and audit
🔹 📘 (ii) Taxation, corporate tax planning
🔹 📘 (iii) Corporate finance
🔹 📘 (iv) Management consulting
🔹 📘 (v) Internal audit and risk control
🔹 📘 (vi) Bookkeeping and maintenance of corporate records, including monthly bank reconciliations and preparation of annual statutory financial statements in accordance with International Accounting Standards
🔹 📘 (vii) Administration of payroll

🔶 Extended Definition
Also includes services rendered by any Insured while acting as:
🔹 Company Secretary
🔹 Registrar
🔹 Director but only for:
🔸 🗂️ Secretarial work
🔸 📑 Share registration
🔸 💼 Financial advice to management
🔸 📊 Management accounting
🔸 🔍 Financial investigations & reports
🔸 🤝 Negotiation & settlement of financial claims
🔸 🏢 Company formations
🔸 💰 Investment advice
🔸 🛡️ Insurance & pension scheme advice
🔸 💻 Computer consultancy

📘 Statutory audit services are as defined in the Auditors and Statutory Audits of Annual and Consolidated Accounts Law of 2008.

🔶 Retention
🔹 €1,500 per occurrence (unless otherwise stated in the policy wording)

🔷 Endorsements

🔸 ❌ North America Exclusion
🔸 💸 Money Laundering Exclusion
🔸 📄 Holding of License Endorsement
🔸 🔫 War & Terrorism Exclusion
🔸 📉 Investment Advice Exclusion
🔸 🌍 Economic and Trade Sanctions (07.2020)
🔸 🧠 Intellectual Property Rights - US/Canada Absolute Exclusion
🔸 Premium Payment Warranty
🔸 🔁 Automatic Renewal Agreement

🔷 Extensions

🔶 Court Attendance

💼 For any principal/partner/director: €200/day
👤 For any employee: €100/day
➡️ No Retention applies to this extension.

🔶 Extended Reporting Period

If the policy is not renewed (except for non-payment or breach), a 30-day period is granted to report Claims made during the policy period.

🔶 Lost Documents

Covers documents:
🔸 For which the Insured is legally responsible
🔸 That are destroyed, damaged, erased, or mislaid during the course of professional services

✅ Includes replacement/restoration costs when:

1. Documents were in transit or in the Insured’s custody / Subject to diligent search / Supported by evidence of expenditure / Not due to wear/tear or events beyond control

💼 Sublimit: €50,000
💶 Separate Retention: €1,000 per Claim under this extension

🔷 Automatic Renewal Agreement

🔁 The policy will automatically renew for 12 months, provided:
🔹 No known claims or circumstances exist
🔹 The Insurer is informed of:

1. 💼 Changes >15% in gross income / 🧾 Work split deviations >10% from previous declaration / ⚠️ Any material change affecting risk assessment

🔷 What Constitutes a “Claim”

🔸 (i) A written demand
🔸 (ii) A civil or administrative proceeding
➡️ That seeks Damages from Wrongful Acts