Insurance for accountants and CPA firms.

Professional liability, cyber, and crime coverage for CPA firms and solo accountants, plus a business owner’s policy for the office, written around the audit, tax, and advisory work you do.

What accountants usually carry

Accountants professional liability
Cyber and data breach
Crime, including client funds
Business owner’s policy
Employment practices liability
Workers’ comp
Hired and non-owned auto

Watch for these in an accounting firm’s policy

Retroactive dateYour E&O answers only for work done after the retroactive date on the policy. Keep that date when you change carriers, or every engagement before it goes uncovered.
Public company auditsAudit and attest work for public companies is often excluded or rated on its own. Declare it, even if it is a small share of your fees.
Investment and insurance salesMany accountants’ policies exclude earning commissions on investments or insurance, or managing client money with discretion, unless the policy lists that work.
Businesses you own part ofWork for a business you or a partner owns a stake in is often excluded. The line is usually a set ownership percentage, so check yours.
Client moneyPaying bills or running payroll from client accounts puts their money in your hands. Theft of it is a crime loss, and E&O usually excludes it.

What clients and landlords ask accountants for

A minimum professional liability limitGovernment and larger business clients often write one into the contract, per claim and in total.
Proof of cyber coverageClients that send you payroll, bank, and tax data increasingly ask to see it.
Landlord as additional insuredMost office leases require general liability naming the landlord, plus coverage for your improvements to the space.
Crime coverage for their fundsClients whose bills or payroll you pay may ask for crime coverage that protects their money, not only yours.

Questions accountants ask

Straight answers.

The questions we hear most, answered plainly.

Does my E&O keep covering me after I retire?

If your firm carries on, its policy usually still covers your past work. If you close or sell, you need a tail, an extended reporting period for later claims. Many accountants’ policies include one at retirement after several years with the same carrier.

Can I sue a client over an unpaid fee?

You can, but a fee suit often draws a malpractice counterclaim. Weigh the fee against that risk, and call us before you file.

Are defense costs paid on top of my limit?

On many accountants’ policies, no. Defense comes out of the limit, so a long fight leaves less for a settlement. Some carriers offer defense outside the limit, and we can quote both.