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Press Release: The Herbert H. Landy Insurance Agency, Inc. and Navigators Management Company, Inc. Join Forces for Accountants Professional Liability Insurance Program

Press Release: The Herbert H. Landy Insurance Agency, Inc. and Navigators Management Company, Inc. Join Forces for Accountants Professional Liability Insurance Program

The Herbert H. Landy Insurance Agency, Inc., of Needham, MA announces their partnership with The Navigators Management Company, Inc., the principal underwriting subsidiary of The Navigators Group, Inc. (NADAQ: NAVG), to offer a national program for accountants professional liability insurance beginning November 1, 2011 for accounting firms with revenues of one million dollars or less. The Landy Agency will also have access to Navigators Pro open brokerage division for larger accounting practices.

The Herbert H. Landy Insurance Agency developed the first professional liability insurance program specifically created for accounting professionals in 1962. For the past several years, that program was underwritten by General Star National Insurance Company, which has announced it will be exiting the professional liability insurance market for accountants and tax preparers.

“The Herbert H. Landy Insurance Agency and Navigators Management Company share tremendous experience in successfully underwriting and managing professional liability insurance programs”, notes Betsy A. Magnuson, President of the Herbert H. Landy Insurance Agency. “Our mutual emphasis on offering a high quality, cost-effective program for accountants’ professional liability insurance will provide significant opportunities for our national network of insurance producers.”

In addition to expanded coverage options and features, the program will now offer an “EXPRESS” application with a two year policy option. The client qualifies for coverage by answering a brief series of questions on the self-rating application, making the process quick and easy for insureds and producers alike.

Coverage for the Accountants Professional Liability Insurance program is available for accountants and tax professional businesses of all sizes and will be available in all states excluding Louisiana and Alaska.

For more information, contact John Torvi (johnt@landy.com, 781-292-5417) or Betsy A. Magnuson (betsy@landy.com, 781-292-5408) or visit our website at www.landy.com.

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