Insurance For Tax Preparers
Tax preparers may face more exposure to potential claims and lawsuits than they think, which is why carrying business insurance is a good idea. From professional liability to general liability, we offer business insurance for tax preparers and tax preparation firms in California, Arizona, Florida, Georgia, New York, Texas, Washington, and others.
Professional Liability Insurance
Also known as errors and omissions insurance, or E&O for short, professional liability insurance is an important coverage for tax preparers. Meant to cover claims related to professional services that are provided to clients for a fee, professional liability insurance can help to protect tax preparers against accusations of mistakes or accidental wrong doing. Regardless if a mistake was actually made, professional liability insurance for tax preparers can help to cover the legal cost that can pile up while trying to defend a lawsuit. As most tax preparers tend to feel that their potential liability is somewhat low, we are able to provide professional liability limits as low as $250K. This can equate to rates as low as $270/year.
General Liability Insurance
General liability insurance is designed to cover claims related to accidental bodily injury or property damage to others such as a client, and is commonly carried by tax preparers who rent or own an office. General liability can also help to protect tax preparers that meet with clients at other locations such as the client’s place of business. For those tax preparers that also want coverage for their business property such as office furniture and computers, business property insurance can be packaged in with general liability as part of a business owners policy in select states.