Accountants E&O Professional Liability Insurance
At The Insurance Center of North Jersey, we can help protect you and your firm with an accountants professional liability insurance policy. As independent agents, we will work with you to find the right coverage at the right price.
Who Needs Accountants Professional Liability Insurance?
There are many different kinds of errors and omissions insurance. This type of E&O insurance is sometimes called CPA professional liability insurance.
However, we work with all sorts of accounting professionals, including Certified Public Accountants (CPAs), accountants, bookkeepers, and tax professionals.
No matter how small or large that your business is, the risk of facing a lawsuit or professional complaint is very real. Clients may have a variety of motivations for filing complaints and lawsuits. No matter how well you run your own business, you cannot always be certain that each one of your clients has been as diligent.
This kind of coverage can help you defend your reputation and finances against all sorts of liability claims.
Even if you and your firm are entirely innocent, the cost of defense can be ruinous without a strong insurance company behind you. Also, many good clients will only work with accounting professionals who have proper E&O insurance in place.
Without this coverage, you could risk losing some great opportunities to grow your business.
Our Accounting E&O Clients Include:
- Enrolled tax agents
- Tax Prepares
- Accounting Professionals
- Accounting and Tax Preparation Firms
- Investment and Financial Advisors
What Does Accountants and CPAs E&O Insurance Cover?
CPA professional liability insurance will be customized for your needs. In addition, policies can vary by the type of profession and insurance company. However, these are some highlights of typical accountants professional liability insurance:
- Security breaches: This could cover online and offline information security breaches.
- Financial coverage: This can protect you from the cost of defense and paying a judgment or settlement.
- Pre-claim: Insurance companies may provide advice that will help minimize damages or reduce the risk of claims.
Accounting firm risk management: Many top insurance companies provide some risk management assistance to their errors and omissions clients. These tested tactics can help reduce the risk of having any claims in the first place.
It can also help both firms and individual accountants prosper. Those steps that get taken to reduce the risk of liability claims also help firms and individuals maintain their good reputations.
These are some typical risk management strategies that you can seek help with:
- Avoiding Malpractice
- Client Relations
- Firm Procedures, Policies, and Management
Why Let Us Help You With Errors and Omissions Insurance for Accounting Professionals?
At The Insurance Center of North Jersey, our insurance brokers understand how professional liability insurance works.
We have years of experience tailoring policies to the needs of each of our unique customers. We can work with individuals or entire firms.
Finally, we are independent insurance agents who can shop the market for the right coverage at the best possible price. Our goal is to make sure each of our clients enjoys the value of their confidence in us and in their insurance company.
For more information regarding accountants professional liability insurance, contact us at 201-525-1100 or email@example.com.