Accounting Firms Access Sky-High Fiduciary Liability Savings

Real-World Examples and Case Studies

Several accounting firms have successfully reduced their fiduciary liability costs by implementing innovative strategies. For instance, a mid-sized firm in New York managed to cut its premiums by 20% after adopting a comprehensive risk management system and participating in industry-specific training programs¹. Another firm in California achieved similar savings by collaborating with a specialized insurance provider that offered tailored policies for accounting professionals².