
Speak to your agent about specific questions you may have.
Protection Available through A Policy Designed for CPAs
Accountants face potential liability on a daily basis. It’s the nature of the work they perform, which is why coverage to protect them is so vital. Yes, if you make an error you should be found accountable, but what if the claims is unfounded, or simply false? This is why you need professional liability insurance for accountants. After all, individuals, financial institutions and investors depend on you to handle loan applications and to process accurate information, especially during audits and when investment decisions are being made.
It’s no fun being targeted to take the blame of the failure of a business. You can be cited with making errors and omissions in the work you perform, and you’re likely to wind up defending your position in a courtroom. Providing financial advice to companies, preparing their tax returns or auditing their financial statements can come at great cost to you. One of your jobs is to accurately reflect the financial situation of those businesses and individuals based on information that was furnished to you.