Accountant/Auditor

Protect what you have worked so hard to build.

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You need to protect yourself from liability.

If you are looking for insurance for your Certified Public Accountant services, then you've come to the right place. You have worked hard at building your accounting and bookkeeping practice and have many spent years to become a CPA, CIA or CMA.

After all, your clients rely on your advice, which is why accountants can be sued for fraud and negligence in performance of duties. In fact, here in the US, CPAs have both common law liability and statutory law liability.

Common law liability arises from negligence, breach of contract, and fraud. On the other hand, statutory law liability is the obligation that comes from a certain statute or a law, which is applied to society. In fact, did you know that in recent years, amounts of more than $300 million have been awarded to the damaged parties from liability suits against some of the larger CPA firms?

What would you do if you were hit with a liability suit for more than your current insurance covered? Thankfully, here at InsuranceHub, we have experience helping:
  • Certified Public Accountants (CPAs)

  • Public Accountants (PAs)

  • Certified Internal Auditors (CIAs)

  • Certified Management Accountants (CMAs)

How to get a free accountants insurance quote

We offer a complimentary CPA insurance consultation. InsuranceHub will take the time to understand your business, clients and specific industry-related liabilities and challenges. Contact us today at (877) 341-5728 to schedule your free, no strings attached, accountants and auditors insurance consultation today.

Types of exposure that auditors and CPAs need to protection from:

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Accountants hold confidential client information including social security numbers and payment information.

Cyber liability: Computers and websites that hold confidential client information can be hacked and stolen.

Crime liability: Employee dishonesty in regards to social security numbers, credit card information, trade secrets, and other confidential information. Wise accountants take the time to do background checks before hiring and permitting any employee on the clients' premises.

Your clients count on your advice.

Professional liability: Your exposure may be moderate or very significant, depending on the kind of consulting work you specialize in.

Errors and omissions liability: No one's perfect. Mistaken advice or advice not properly acted on could come back and haunt your business.

Protect your accounting business from risk.

Property exposure

What would happen if all of your records, computers, and books were destroyed in a fire? All information should be kept in fireproof cabinets. Invest in cloud backup technology.

Inland marine exposure

Do you travel to and from bookkeeping clients' offices carrying your laptop, receivables, valuable papers and records? First, you will need inland marine coverage. Second, be sure to make duplicate copies of all important information and keep them stored off-site.

Workers compensation exposures

Do you have employees performing repetitive tasks? Teach your employees how to reduce eyestrain, neck strain, carpal tunnel syndrome, and similar cumulative trauma injuries. Invest in ergonomically designed workstations. Invest in a workers comp insurance plan that will protect your employees and your business interests.

Premises liability exposures

Do you have clients that come to see you at your office location? Off-site exposure includes having all employees submit to background checks and having a policy/procedure manual explaining how employees are to conduct themselves off-site.

Automobile liability exposure

Do you and your employees use vehicles during the performance of their work? Here are a few suggestions to use. First, do a motor vehicle record check on all employees before allowing them to drive company vehicles. Is there a procedure/policy book for all drivers of company vehicles? Be sure to get a commercial auto policy to protect your accounting business.

Here is the minimum recommended accountant/auditor insurance coverage:
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Other CPA insurance coverage to consider:

Get started today

It's easy as a few taps.

We'll explain your business insurance options, offer our advice, and get you on your way to the commercial protection you need.