Professional liability
Client loss from errors, omissions, missed deadlines and advice.
Business Insurance
Accounting and bookkeeping insurance for the numbers.
A missed filing deadline or a misapplied treatment costs the client money, not you. That is exactly what professional liability answers.
Accountants and bookkeepers hold two things clients care about deeply: their money and their tax position. The claims that follow are financial rather than physical — a penalty from a late filing, a misclassification found in an audit, advice that turned out to be wrong — and general liability does not respond to any of them.
Professional liability and client financial data
Errors and omissions is the core cover. It responds to a client's financial loss from your work, including defence costs, which in a disputed tax position are frequently the larger figure.
Cyber liability matters more here than in most professional practices. You hold Social Security numbers, bank details and complete financial pictures for every client, which makes a small practice a worthwhile target and a breach expensive to notify.
What it covers
The parts of a accounting and bookkeeper insurance policy
Cyber liability
Breach response and notification for the client financial data you hold.
Client funds
Fidelity and crime cover where you handle payroll or client money.
General liability
Premises cover, which office leases generally require.
Working with us
What we do differently
We are an independent agency, so we place your accounting and bookkeeper insurance across several carriers rather than fitting you to one company's product. That means a genuine comparison, and someone to call who is not a call centre.
- Preserve your retroactive date when changing insurer — E&O is claims-made
- Carry cyber cover sized to the client data you actually hold
- Add fidelity cover if you touch payroll or client funds
Common questions
Accounting and Bookkeeper Insurance, answered
What claims do accountants actually face?
Missed filing deadlines, penalties from errors, misapplied treatments found at audit, and disputes over advice. All are financial losses to the client, which general liability excludes and professional liability covers.
Do bookkeepers need the same cover as CPAs?
The exposure is similar in kind if smaller in scale. Bookkeepers handling payroll or client funds should also consider fidelity cover, since that is a distinct risk from professional error.
Why is cyber cover important for a small practice?
You hold Social Security numbers, bank details and full financial records. That concentration makes even a small practice a target, and notification costs after a breach arrive before any claim does.
Related cover
Often arranged alongside this
Professional Liability Insurance
General liability covers injury and damage. It does not cover being wrong. If clients rely on your work, that is the gap this fills.
Read moreCyber Liability Insurance
The cost of a breach is rarely the hacking. It is the notification, the forensics, the downtime and the lawyers afterwards.
Read moreBusiness Insurance
A shop, a contractor and a software firm face entirely different risks. We place commercial cover across multiple carriers rather than fitting you to one company's template.
Read moreReady for a accounting and bookkeeper insurance quote?
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