In this edition January, 2013
[+] Your best marketing tool could become your worst nightmare in litigation
[+] Responding to third party subpoenas
[+] Who is the client?
Accountants: do not let your best marketing tool become your worst
nightmare in litigation

In the digital day and age, almost every accounting firm has an attractive website which touts the firm's expertise and experience in a wide range of services. Accounting firms recognize that an impressive website can be an effective marketing tool to prospective clients, and can also assist current clients in determining additional services which the client may find of interest. However, in the unfortunate event that a legal claim is brought against your accounting firm, you should be aware that the firm website may often serve as Exhibit "A" in support of the claim.
Read more Responding to third party subpoenas (or other requests for client information)
You just sat down at your desk with a cup of coffee ready to start your day when you find out you have been served with a subpoena commanding you to produce records on one of your firm's accounting clients who is a party in a court proceeding. You are not a party, but you may possess documents relating to your firm's accounting work for your client. What do you do? The answer depends a lot on how good your relationship is with your client, what your client's wishes are, and whether you suspect you may be a potential litigation target. Much of the advice given here applies in the circumstance where you may be approached more informally for the release of client information, but irrespective of the formality or informality of the request, the same considerations apply.
Read more Who is the client?
Closely held private companies have unique qualities. The relationships between the owners, officers and employees are often personal. Sometimes, the people involved will serve a triple-role: owner, officer and employee. In these situations, the lines of demarcation between the entity and its owners are fuzzy.
Read more


This material does not amend, or otherwise affect, the provisions or coverages of any insurance policy or bond issued by Travelers. It is not a representation that coverage does or does not exist for any particular claim or loss under any such policy or bond. Coverage depends on the facts and circumstances involved in the claim or loss, all applicable policy or bond provisions, and any applicable law. Availability of coverage referenced in this document can depend on underwriting qualifications and state regulations.

To ensure that Travelers emails reach your inbox, please add us to your address book.

Update your marketing preferences, or unsubscribe from all Travelers marketing emails. Please note that you may still receive non-marketing emails from Travelers.

Travelers Casualty and Surety Company of America and its property casualty affiliates. One Tower Square, Hartford, CT 06183.

Privacy | Legal Notices | Producer Compensation Disclosure

© 2013 The Travelers Indemnity Company. All rights reserved. Travelers and the Travelers Umbrella logo are registered trademarks of The Travelers Indemnity Company in the U.S. and other countries.

This email was intended for