Why Accountants Need Insurance

You may think that accounting is the last line of work for which you would need the protection that an insurance policy can provide. After all, what harm can a balanced budget sheet cause? Well, as it turns out, quite a bit, especially if your client feels as through your work is not up to the standards that he or she expected or that the market demands.

Professional Liability Protection

You know better than most just how fluid and dynamic the financial market can be. The many changes that occur within the market can leave the very work you do for your clients on a daily basis open to errors and omissions. However, an accountant professional liability insurance policy can offer you protection from such exposures. Such coverage is specifically meant to help those working in the following fields:

  • Accounting and auditing
  • Taxes
  • Consulting
  • Regulatory compliance

If you or your firm specializes in any of these services, you need professional liability coverage to protect you from those issues not covered in your general liability policy.

You and your accounting firm could be exposed to any number of liability issues. Don’t leave yourself unprotected from the threat of a liability claim. Finding a quality provider of accountant professional liability insurance helps ensure that you won’t be left to face your liability issues alone. Better yet, you’ll not only have the assistance of an insurance agent to help examine such claims, but also the resources to resolve them, if necessary.

 

photo credit: Found Animals cc
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