Professional Liability Insurance:
Accountants & Accounting Firms
- Are you a small to medium sized accounting business?
- Are you looking for the best APL coverage for your dollar?
- Are you uninsured now and want to start protecting your practice?
- Have you questioned; do I need professional liability coverage?
These are all common questions asked by small to medium sized accountants across the country. Malpractice insurance is very important for an accountant and his or her firm. Too many times the professional can do everything right but the end result of the tax filing or the write-up work makes the client unhappy. Disgruntled clients sometimes seek recoveries for their tax bill or their unprofitable business or even employee theft, from the accountant who delivered the bad news.
Claims against accountants are common place and are not always based on the facts, or any wrong doing, or even logic. You can do everything correctly, from the engagement letter to the audit report, and you can attract a claim and need to defend yourself. In today’s world, the defense of a claim can be as expensive as the claim itself. You owe it to yourself to, at least get a quote for Accountants Errors and Omissions insurance. If you are a new firm or even an old firm you can start today. The rates are very competitive right now, so it is a good time to get a quote.
You can get a quote using the internet. Simply complete an application on the site(s), shown on the link below. If you are not ready at this time to purchase insurance, but your policy expiration date is sometime in the future, please leave your ex-date, on the form provided and you will be contacted closer to the date when you might want to comparison shop.
Remember to keep your accountants professional liability coverage up to date. As your business expands, it is wise to continue to consider increased policy limits as a way to better protect yourself and your firm from the headaches and exposures of a claim.