Insurance Coverage for Accounting Professionals
Comprehensive protection options designed specifically for bookkeepers, tax preparers, and accounting firms.
Get Your Free QuoteCoverage Options
Choose the coverage that fits your accounting practice. We'll help you build a comprehensive protection package.
- Calculation and data entry errors
- Missed tax filing deadlines
- Incorrect financial statements
- Failure to detect fraud
- Negligent advice or recommendations
- Legal defense costs included
- Data breach notification costs
- Client credit monitoring services
- Ransomware and cyber extortion
- Business interruption from attacks
- Regulatory fines and penalties
- Forensic investigation costs
- Client injuries at your office
- Property damage to client belongings
- Advertising injury coverage
- Personal injury protection
- Medical payments for visitors
- Legal defense costs included
- Representation cost coverage
- Correspondence audit support
- CP2000 notice responses
- Accuracy-related penalties
- Professional fee coverage
- Appeals process support
- Computers and peripherals
- Office furniture and fixtures
- Accounting software licenses
- Client files and records
- Business income coverage
- Extra expense coverage
- Medical expenses for work injuries
- Lost wage replacement
- Disability benefits
- Rehabilitation costs
- Death benefits
- Legal defense for claims
Accounting Services We Cover
We insure all types of bookkeeping and accounting operations.
Bookkeeping Services
Full-service bookkeeping and reconciliation
Tax Preparation
Individual and business tax returns
Payroll Services
Employee payroll and tax filings
Financial Consulting
Business advisory and planning
Have a specialized accounting service? We likely cover it too. Contact us to discuss your specific needs.
Frequently Asked Questions
Common questions about bookkeeper and accountant insurance.
What is Professional Liability (E&O) insurance and why do I need it?
Professional Liability, also known as Errors & Omissions insurance, protects you when clients claim your bookkeeping or accounting work caused them financial harm. Even careful professionals make mistakes, and one significant error could result in a lawsuit that exceeds your annual revenue. E&O coverage pays for your legal defense and any settlements or judgments.
Do bookkeepers really need Cyber Liability insurance?
Absolutely. Bookkeepers handle extremely sensitive data - Social Security numbers, bank accounts, financial records - that cybercriminals actively target. A data breach can cost tens of thousands of dollars in notification costs, credit monitoring, legal fees, and reputation damage. Cyber coverage is essential protection for any modern accounting practice.
What's the difference between E&O and General Liability?
E&O (Professional Liability) covers claims arising from your professional services - mistakes in your bookkeeping work, missed deadlines, or negligent advice. General Liability covers physical incidents - if a client trips in your office or you damage their property. Most accounting professionals need both types of coverage.
How much coverage do I need as a solo bookkeeper?
Most solo bookkeepers carry $500,000 to $1 million in Professional Liability coverage. The right amount depends on your client size, revenue, and services offered. Tax preparers and those handling payroll typically need higher limits due to increased exposure. We can help you determine the appropriate coverage for your situation.
Is tax preparation covered under bookkeeper insurance?
Yes! Our policies can be tailored to cover tax preparation services, including E&O coverage for tax return errors and IRS audit defense provisions. If you offer both bookkeeping and tax services, we'll ensure your policy covers all aspects of your practice.
Have more questions? We're happy to help.
Contact UsGet Your Custom Quote
Every accounting practice is different. Let us create a coverage package tailored to your specific services and risk profile.