Accountant & Tax Advisor Insurance
Being a numbers person has always been your thing and you love to help people with their tax preparation,
With any business, you carry risks. Our insurance agency will help you find the right insurance coverage for your consulting business. Some coverages you should carry are:
- Professional Liability Insurance: Commonly referred to as E&O insurance. This coverage protects you from lawsuits arising out of negligence or incorrect work or advice.
- General Liability: Also known as commercial liability insurance and covers general liability of the business. It is a broad coverage. It is a smart move to have a general liability insurance policy in place.
- Commercial Auto Insurance: Your commercial autos, like a pick up or box truck, should be protected. A commercial auto insurance policy can help protect your work vehicle will going to/from jobs and while being stored.
- And more!
The licensed professionals at Heaton Bennett Insurance in Austin can help find you the right consultant insurance for your situation. Call one of their knowledgeable agents at 512-372-8311. Quotes are always free.
Frequently Asked Questions
Why might an accountant need professional liability insurance?
Accountants may face claims alleging errors, omissions, missed deadlines, or inaccurate professional advice. Professional liability insurance may help address certain covered claims, subject to the policy’s terms, exclusions, and limits.
Does general liability insurance cover mistakes in accounting services?
General liability insurance is generally intended for risks such as certain bodily injuries or property damage rather than errors in professional services. Texas accounting firms should discuss professional liability coverage separately with their insurance agent.
Can accountant insurance address data breaches or cyber incidents?
Cyber insurance may be available to help with certain expenses and liabilities arising from covered cyber events. Because accounting firms often handle sensitive financial information, they should carefully review their cybersecurity risks and policy options.
Can one policy cover an accounting firm’s employees and services?
A policy may extend to eligible employees and specified professional services, but definitions vary. Firms should accurately describe their staff, services, and use of independent contractors when applying for coverage.
What factors affect the cost of insurance for an accounting firm?
Pricing may be influenced by annual revenue, services provided, number of employees, claims history, client types, data security practices, coverage limits, and deductibles.