Insurance for Accounting Firms & CPAs
From a solo tax preparer to a multi-partner firm, we place the coverage built around the work you do and the client data you hold: professional liability, cyber, general liability, and the rest of the program.
What we cover
Coverage built around how you practice
An accounting firm's exposure runs from the advice you give to the client data you store to the ordinary risks of running an office. Here are the lines most firms carry, and why.
Professional Liability (E&O)
Covers claims that your advice, a return, or a work product caused a client a financial loss. For most accounting and tax practices, this is the largest single exposure and the core of the program.
Ask about itCyber & Data Liability
Covers the cost of a breach involving client Social Security numbers, bank details, or tax records, including notification, response, and related liability. One incident can affect every client on file.
Learn moreGeneral Liability
Covers third-party injury and property damage at your office. Most landlords and many client contracts require proof of it before you can sign a lease or start work.
Learn moreBusiness Owner's Policy
Bundles general liability with property coverage for your office, equipment, and business interruption. A practical, cost-effective base for most firms.
Learn moreWorkers' Compensation
Covers medical costs and lost wages when an employee is hurt on the job, and meets the state requirement that starts the day you hire your first employee.
Learn moreBuilt around the work and the client base
An accounting or tax practice carries a professional-liability exposure that comes directly from the work product itself: a return, a filing, or advice a client relied on. Alongside that sits the client-data exposure, since every engagement means holding financial and identifying information for someone else. Then there are the ordinary risks of running an office, the same ones any small business carries.
We build the program around your services and your client mix rather than a generic "professional services" template. A solo tax preparer, a bookkeeping shop, and a multi-partner CPA firm carry different weight across these lines, and the coverage should reflect that.
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Accounting & CPA insurance FAQ
What insurance does an accounting or CPA firm need?
Most accounting and CPA firms carry professional liability (E&O) as the core policy, since it responds to claims tied to the advice and work product you deliver. Cyber and data liability covers a breach involving client financial data. General liability and a business owner's policy cover the office itself, and workers' compensation is required in nearly every state once you have employees. We build the mix around your services and client base.
What is E&O (professional liability) for accountants?
Errors and omissions coverage responds when a client alleges that your advice, a return, or a work product caused them a financial loss, whether or not the claim has merit. Defense costs alone can be significant, and E&O is usually the largest single exposure an accounting practice carries. It's separate from cyber coverage, which responds to a data breach rather than a claim about the work itself.
Do accounting firms need cyber insurance for client data?
Yes, in most cases. Accounting firms hold Social Security numbers, bank details, and tax records for every client on file, which makes a breach costly to notify and remediate. Cyber coverage handles breach response, client notification, and related liability, work that a professional liability or general liability policy typically excludes.
Do small or solo tax practices need general liability?
Usually, yes, even for a home-based or single-person practice. General liability covers third-party injury or property damage, and most landlords, and many client contracts, require proof of it before you can sign a lease or start work. It's inexpensive relative to the other lines and often bundled into a business owner's policy.
Tell us about your practice, we'll build the coverage
From a solo tax preparer to a multi-partner CPA firm, we place the professional liability, cyber, and general business coverage your practice needs, and we get the certificates out fast. Tell us how you operate and we'll bring back options to compare.