Business Insurance for Accountants & CPAs

The most critical coverage for CPAs and accountants. Covers claims arising from professional errors, missed deadlines, tax preparation mistakes, incorrect financial statements, audit errors, and advice that results in financial loss. The AICPA and most state CPA licensing boards strongly recommend or require E&O for licensed CPAs.

Covers premises liability (client injured in your office), incidental property damage, and advertising injury. Required for any accountant with a physical office location or client-facing operations. Often bundled with E&O in a professional liability package.

CPAs and accountants handle the most sensitive personal and business financial data of any professional service provider — SSNs, EINs, bank accounts, tax returns. A data breach triggers state notification requirements, AICPA ethics obligations, and significant client harm. Cyber liability covers breach response, notification costs, and client claims.

Covers office equipment, computer systems, accounting software infrastructure, and physical files. Business property is particularly important for sole practitioners who own their office equipment outright and could not operate without it.

Tax season is income-critical for accounting firms — a system failure, office fire, or disaster during January–April can cost tens of thousands in lost revenue. Business interruption coverage replaces income lost during a covered property event.