Professional liability insurance for accountants and auditors helps protect you from risks not typically covered by general commercial liability policies. Just as medical practitioners need malpractice insurance, you need professional liability coverage for your business. Also called Errors and Omissions Insurance (or E&O), it is an essential part of a comprehensive business insurance portfolio for your accounting or auditing company. If you already have a policy, you should review it periodically to make sure it is up to date. As your business expands, it’s a wise idea to increase your coverage limits and reduce your exposure to claims.
You can get quotes for accountants and auditors professional liability insurance by entering your zip code at the top of this page.
Who Needs Professional Liability for Accountants and Auditors?
You need professional liability coverage if:
You own a small- to medium-sized accounting or auditing business
You are uninsured now and want to protect your practice or firm
You have W2 employees or 1099 subcontractors whose work might put your business at risk
What Professional Liability Risks Does Your Accounting or Auditing Firm Face?
You may be the most thoughtful accountant or auditor, but anyone can make a mistake. And no one can control what a disgruntled client might do in the event of an error or omission by you or an employee. Even if you do everything right, the end result of a tax filing or write-up work can displease a client. When your client seeks recovery for a tax bill, an unprofitable business decision based on your professional advice or even employee theft, he or she may file a claim against your company. Defending against a law suit, even if you are innocent of blame, is a costly proposition today, often costing as much or more than the claim itself. If you have adequate professional liability coverage for your accounting or auditing firm, you will be protected against claims, judgments and court costs up to the limit of your policy.
Affordable Professional Liability Quotes for Accountants and Auditors
Rates for professional liability insurance for accountants and auditors are affordably priced. You can get competitive quotes from one or more professional liability insurance companies by completing an online application form at the top of this page. If you don’t wish to purchase insurance now, please leave your expiration date on the form provided. When your expiration date is closer, you will be contacted so that you can comparison shop for professional liability insurance at that time.
Protect your business from exposure to risk. Use the form at the top of this page to get quotes for accountants and auditors professional liability insurance now.