ACCOUNTANTS INSURANCE – ERRORS & OMISSIONS INSURANCE
Professional liability Insurance Get a Free No-obligation E&O Insurance QuoteAccountants Professional Liability-Errors or Omissions Insurance
As an accountant, your clients trust you with their financial information and rely on your expertise to make important business decisions. However, even the most diligent accountant can make a mistake. That’s why it’s important to have professional liability insurance, also known as errors and omissions insurance, to protect yourself and your business from potential lawsuits.
What is Professional Liability Insurance for Accountants?
Professional liability insurance for accountants covers financial losses resulting from errors or omissions in your professional services. This can include mistakes in tax preparation, financial statement analysis, or financial planning. It can also cover the cost of defending against a lawsuit, even if the allegations turn out to be false.
Benefits of Professional Liability Insurance for Accountants
Financial protection
If a client sues you for a mistake made in your professional services, your insurance policy can cover the cost of defending against the lawsuit, as well as any settlement or judgment.
Peace of mind
Knowing that you have the protection of professional liability insurance can give you peace of mind and allow you to focus on providing your clients with the best possible service.
Compliance
Many professional associations and regulatory bodies require accountants to carry professional liability insurance.
Choosing the Right Policy
When choosing a professional liability insurance policy, it’s important to work with an insurance agent who understands the unique needs of accountants. They can help you find a policy that meets your specific needs and budget.
In addition, it’s a good idea to review your policy regularly to make sure it still meets your needs. As your business grows, your insurance needs may change.
Contact Us for More Information
For more information on professional liability insurance for accountants, contact us today. We can help you find the right policy to protect your business and give you peace of mind.
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ACCOUNTANTS INSURANCE – ERRORS and OMISSIONS INSURANCE
Accountants, Bookkeepers and Auditors work across a wide range of businesses
Accountants – Errors & Omissions
Chartered Accountants, CMA’s and CGA’s
Features
First dollar defense, deductible does not apply to defense costs for E&O
– Min Premiums – E&O $850 and CGL $450
– E&O coverage is Costs in Addition basis and includes :
Trust Fund Management $25,000 Sublimit
Civil Penalty Coverage $100,000 per claim
Directors & Officers Liability – Outside Non Profit included
Automatic 60 day extended E&O reporting period
Disciplinary Proceedings Reimbursement – $15,000 Sublimit
Loss of Documents – $25,000 Sublimit
Libel, Slander or Defamation – $50,000 Sublimit
Privacy Failure Expense – $25,000 Sublimit
Occupational Health & Safety – $15,000 Sub Limit
– Errors and Omissions – up to $5,000,000 limit
– Commercial General Liability up to $5,000,000 limit
– Office Property Package
Applications
