Accountants Professional Liability Insurance

Accountant professional liability insurance also known as errors and omissions insurance and professional indemnity insurance protects accounting businesses in the event of a lawsuit. This insurance financially protects the professional, in this case an accountant, from paying liability claims that arise as a result of their negligence, errors, mistakes, and other insured causes.

Accountants today service from individuals to billion dollar companies. The need and demand for their services is not just an advantage to individuals or businesses, it is a complete must. Without professional accounting, it can be hard or almost impossible for businesses to track the flow of their funds. This demand for Accounting services created an opportunity for Insurance companies to construct an Accountants Insurance policy.


2020 rates starting from $320/year for $1,000,000 coverage

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What Does E&O Insurance for Accountants cover?

Every business insurance policy is created following a needs analysis of the client. Some clients want the least liability limit policy they can get to cover themselves, while on the other hand, some businesses insure Accountants Errors and Omissions Insurancethemselves up to $20 million from future liabilities. It is always the question that comes to mind following the idea of insurance, “How much does Accountants Liability Insurance cost?” The answer to that is, there is no concrete answer.

Every insurance policy has different coverages, limits, inclusions, and exclusions. Our cost for accounting insurance starts from $400/Year and quote into the thousands depending on their exposures and nature of activities. Most of our clients request $1,000,000 to $3,000,000 Liability limits. We can quote any limit lower or higher.

A professional indemnity insurance for Accountants provides coverage in the case of a liability arising as a direct result of the insured’s services. When your clients face monetary damages or losses to their business as a result of your services, the situation may result in the client filing a law suit against you. Clients tend to file a lawsuit to recover from financial loses or damages that were a result of your services, your errors, or negligence when conducting your business. Your Errors and Omissions Insurance for Accountants policy provides financial coverage, subject to the policy limit, in the case of you being sued. If the nature of the claim is not an exclusion on the policy or a fraudulent activity on your end, your Accountants Professional Liability Insurance covers the claim against you, up to your liability limit. Keep in mind, if your clients are visiting the office to discuss their finances, you need to consider adding general liability insurance coverage to your company policy. This coverage provides protection in the event physical damages in the form of injuries and property damages occur.

Also, if you are using personal vehicles to meet clients at their offices, you need to look into insuring your vehicles under a commercial automobile insurance policy. It is no uncommon for an insurer to deny an auto claim if the vehicle is being driven for work as a commercial vehicle.


Professionals we commonly insure, but are not limited to:

  • Chartered Accountantsprofessional liability insurance for accountants
  • Public Accountants
  • Management Accountants
  • General Accountants
  • Financial Accountants
  • Book Keepers
  • Financial Managers
  • Internal Auditors
  • Fraud Examiners
  • Enrolled Agents
  • Government Financial Managers
  • Financial Planners


Accounting Firm E & O – How to start?

If you are an accountant with a start-up business or a are firm that has been around for decades, we can insure you. Here are the steps we take to insure you:

  1. The first step to start the process of getting insured is to learn about how to get a professional liability insurance policy.
  2. Once you are comfortable and understand the process, proceed by Requesting a Free Quote!
  3. Once we have the required information, we market your insurance to our Insurance Companies. Generally the turn around time with getting quotes is very fast!
  4. As soon as we receive numbers back from our Insurers, we find the best coverage for the best price, and pitch it to you.
  5. Generally the numbers we send to our clients are extremely competitive and insure them adequately for their exposures. What are you waiting for?


Why get Accountants Professional Liability Insurance?

Being an expert and having years of experience in an industry lowers your chances of receiving a lawsuit, but it does not eliminate it. Mistakes can happened anywhere, any time, and by anybody. Are you willing to save a few dollars today and be liable for millions tomorrow? With buying professional liability insurance for Accountants not only are you buying your piece of mind, you are

Stock chart with calculator and pen

securing the future of your career. One lawsuit against you can jeopardize the potential growth of your businesses. Businesses and professionals providing services and operating without Insurance are considered a ticking clock. If you provide any service, consulting, or impact/influence another parties decision, you need Professional Liability Insurance.

We, ProfessionalsCoverage, have been in the Liability Insurance industry for multiple years. Out team of brokers not only provide a coverage that is best for you, but also strives to get you the most competitive cost in the market! We arrange insurance for thousands of professionals Canada Wide and are growing every year. Request a Free & No Obligation Quote today! Call us Toll-Free 1.888.480.7677


Professional Liability Insurance



Accountant’s Disability Insurance

You biggest asset in life is your earning ability. If you are unable to work, you will need to rely on either your savings or borrow money to sustain your lifestyle. When these unfortunate circumstances occur, dependents and spouses are also impacted financially and emotionally.

Disability insurance coverage will provide you a monthly income benefit, usually totaling 70% to 80% of your income, when you are unable to work for a period of time due to injury or illness.

Types of disability insurance



FAQ before purchasing accountant’s professional liability insurance


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Other professions we also provide insurance for:

Academic Testing Centers
Accident Investigation
Accident Prevention Consultants
Adoption Agencies
Advertising Agencies
Advertising Agents & Services
Aerial Mappers
Alarm Monitoring Services
Allied Health Professionals
Alternative Dispute Resolution Firms
Alternative Energy
Answering Services
Arbitrators & Mediators
Arborists / Tree Surgeons
Architects & Engineers
Architectural technicians and technologists
Auctioneers, Auction Houses
Blueprint & Photocopy
Boat Registrars
Building Designers(Bill 124)
Business Brokers/Managers
Business Consultant
Business Enterprise Agencies
Business Training Courses
Cabling Designers
Camera & Photo Supply Stores
Careers Advisory Service
Catering Consultancy
Cereal Growing Advisors
Chambers of Commerce & Trade
Civil engineers
Claims Adjusters & Administrators
Collection Agencies
Commercial Printer
Communication Consultants
Company Formation
Company Search Agency
Conference & Event Management
Conference Facilities & Services
Conservation Consultants
Conservation Organizations
Consumer Organisations
Contest Managers
Contractors Accountants
Convention Planners
Counselling & Advice Services
Court Reporters
Credit Reference Services/Bureaus
Custom House Broker
Customs & Forwarding Agents
Data Processing Services
Database Managers
Day Spas
Decorators – Interior
Dental Laboratories
Dietitians (Consulting)
Directors and Officers
Documentary creators
Employment Agencies
Employment Agencies/Recruiters
Employment Placement Agencies
Energy Audits & Assessments
Environmental Engineers
Event Planners
Excess & Umbrella Liability
Fitness Clubs
Foreign Legal Consultants
Holistic Professional
Home inspectors insurance
Immigration Consultants
Independent Contractor
Industrial Designers
Information Technology
Interior Designers
IT Contractor
IT Specialist/Technician/Programmer
Lawyer’s Excess Professional Liability
Long Term Care
Management Consultants
Medical Clinics
Medical Devices
Medical Professionals (Malpractice Insurance)
Medical Related
Medical Student Malpractice Insurance
Mortgage Brokers
Multimedia designers
New Media
Occupational Health and Safety Consultants
Placement Agencies
Private Investigators
Process Servers
Product Designers
Professional Entertainers
Professional Organizer
Professionals Liability
Project Managers
Property Managers
Publishers and Printers
Quality Control Consultants
Recruitment and Employment Agency
Recruitment Consultants
Research & Development
Roofing Consultants
Safety Engineers
Service Organizations
Solar & Wind Farm Engineers & Consultants
Spa Package
Structural Engineers
Tax Prepares
Technology Companies
Therapist Professionals
Town / Urban Planners
Training Providers/Trainers
Translators etc.
Travel Agencies
Travel Agents
Travel Agents, Tour operators
Web Designers
Web-Site Designers
Workplace Engineers & Consultants