Accountants Liability Insurance

Accountants Liability Insurance covers claims for potential damages relating to Errors & Omissions or negligent acts in the performance of their professional services. This policy can cover CPAs, bookkeepers, enrolled agents, tax preparers and all size accounting firms. This coverage can include investment advice, professional fiduciary coverage, crisis event coverage, mismanagement of client funds and claims assistance.

Public Accountants, bookkeepers, enrolled agents, tax preparers and accounting firms of all sizes are vulnerable to potential claims of negligence or errors.  While insurance is not required, it is highly recommended.

If a client or former client believes that an individual or business has caused financial or reputational harm, they may file legal action. Claims of failure to detect fraud, providing incorrect tax advice and errors in financial statements  can all be brought by clients.  Coverage can protect from cost of claims that are expensive and potentially career altering.