Everybody Makes Mistakes: Why Accountants Need Professional Liability Insurance

March 18, 2013
No one’s perfect. We’ve all heard the phrase. Inevitably, mistakes do happen and a Professional Liability Insurance policy is the bungee cord that stops you and your firm from a free fall. Errors and Omissions (E&O for short) and other Professional Liability Insurance policies cover professionals from all areas of business, including but not limited to: Advertising Agencies, Property Managers, Mortgage Bankers, and of course, Accountants. Our Accountants policies protect against several different types of claims. Some of the most common errors covered by a Accountant’s Professional Liability policy are as follows:
  • Errors in Financial Statements
  • Errors in Auditing Activities
  • Negligent Tax Filings or Tax Preparation
  • Failure to Detect Embezzelment
  • Poor management advisory services
Many Accountants believe that purchasing any type of Professional Liability Insurance makes them an easy target for lawsuits. The truth, though, is that a determined client or savvy attorney can sue you regardless of your Professional Liability status. A policy can protect you from losing assets, paying high court fees, and potentially losing your business. The relatively low cost Professional Liability Premium from Protexure Accountants makes the protection we provide all the more worth the cost. Our policy costs typically range from ½% to 1% of the Accounting firm’s annual revenue. What Sets Us Apart At Protexure Accountants, we provide our clients with the utmost professionalism and competitive policy rates that are among the best in the industry. Our policies are tailored towards the needs of smaller Accounting firms. This allows us to provide a more personal form of customer service along with a policy that satisfies the specific needs of a small firm. Our online application process is streamlined and simplified. We allow you to spend more time running your business, and not filling out paperwork. For a quick, free quote, visit our website at www.Protexure.com or give us a call at (888) 803-9898. Also, be sure to “Like” our Facebook page and Follow us on Twitter @ProtexureACCTS to stay up to date with the latest news regarding Professional Liability Insurance for Accountants!

Amerinst  Insurance  Group,  LTD. /// Providing  Protection  for   Generations  of  Professional  Firms