![]() Some of the key policy features can be found here. Our Professional Indemnity Insurance for Accountants coverage is extensive. When you become a member of Abacus, you not only receive the insurance cover, but also support should you be faced with the prospect of a claim. That’s why it’s so important that your own business is protected, so that a small mistake doesn’t put you out of business.Ībacus Professional Indemnity insurance coverage is specifically developed for the needs of the smaller private accounting practice. If you provide inaccurate or incomplete advice, your client may suffer financially, which you could be held liable for. This is your area of expertise, and while you conduct your business with a degree of professionalism at all times there’s always potential for something to go wrong. As an accountant, your clients trust your advice, and look for your input on their important financial affairs such as their taxes and business finances. Our Professional Indemnity Insurance cover is designed to protect professional accountants from the risks they face in their role. The Abacus Professional Indemnity policy complies with the requirements of various professional representative organisations including ATMA, CPA, CAANZ, IPA and TI. Policy Sellers, Life Settlement Brokers, and Agents know they can count on Abacus to deliver sound solutions and a fair market value for each policy that we purchase.Ĭontact Abacus directly at 80, or Use our Market Value Calculator to know the true value of your Policy.Our Professional Indemnity Insurance Offering Abacus Insurance Limited Insurance Average rating of 1.13 from 206 reviews this is a verified business TRUST INDEX RATING 2. Abacus responds to the needs of Professional Advisors and Policy Sellers seeking to optimize the value of life insurance policies. We were able to provide the Abacus standard very quickly, even in the face of a strange year."įounded in 2004, Abacus Life is a licensed Direct Life Settlement Provider and Buyer headquartered in Orlando, Florida. Wherever the following words appear in this insurance they will have the meanings shown below. "We are the first provider in the space to offer fully e-signed contracts, coupled with our innovative underwriting techniques and highly motivated capital. "While there were certainly struggles in acquiring policy and medical records early on, we quickly developed groundbreaking tools that became a hallmark of Abacus," said Scott Kirby, Managing Partner at Abacus Life. Programs are underwritten with top-tier carriers. The platform is easy to use, intuitive, efficient, and accurate. Abacus accomplished this by offering a measure of stability that was hard to come by in 2020 for their clients. Abacus is a Program Manager that distributes its products to independent brokers through a cloud-based platform that enables real-time quoting, issuance, and servicing of several key programs. "We pride ourselves on providing the best end-to-end experience possible and the fact that were able to put $172 million directly into consumers hands is an incredible accomplishment."ĭespite 2020 being a tumultuous year, especially for seniors and financial professionals, Abacus was able to expand their staff and deploy $172 million in capital on their way to purchase nearly a billion dollars in life insurance policies. ![]() In a year when the country was in the midst of a substantial crisis, I can't stress enough how happy it made me to know that we were able to provide an incredibly important financial service and tool for our clients," said Jay Jackson, CEO of Abacus Life. "I am proud of our staff and thankful to our dedicated partners, financial advisors, and insurance agents. The Deal reported that Abacus paid 22.5% per policy on average, 37% higher than their closest competitor who paid an average 16.4% of policy face value to sellers. Since 2017, Abacus has outperformed the leading buyers in settlement offers as a percent of face value by paying out over half a billion dollars to policy sellers. ORLANDO, Fla., /PRNewswire/ - According to the annual report filed by the Life Settlement news outlet, The Deal, Abacus Life Settlements continues to be one of the top buyers in all reported categories by providing industry leading value to their clients year-over-year.
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