cpa accountant insurance quote

Accountants and CPAs Insurance Quote – Affordable Coverage for Small Business Owners

As an accountant or CPA, you manage sensitive financial data and provide critical advisory services to individuals and businesses. However, even the most experienced professionals can face lawsuits or unexpected risks. That’s why having the right business insurance is essential for protecting your practice.

At Blake Insurance Group LLC, we make it easy for small business owners to get affordable insurance coverage quickly. Our online quote form allows you to compare multiple commercial insurance options from top-rated providers—all in one place!

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cpa accountant insurance quote

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Top Insurance Companies for Accountants and CPAs

NEXT Insurance

NEXT Insurance provides tailored professional liability insurance for accountants and CPAs, offering coverage for errors and omissions, general liability, workers’ compensation, and commercial property. Their platform allows for quick online quotes and sharable proof of insurance, making it ideal for small businesses and solopreneurs.

Travelers

Travelers offer comprehensive professional liability insurance designed specifically for accounting professionals. Their policies include network and information security offense coverage, security breach remediation, and investment advisor coverage. Travelers also provide risk management resources to help mitigate potential exposures.

CAMICO

CAMICO specializes in professional liability insurance for CPAs, offering a broad definition of professional services, cyber coverage by endorsement, and prior acts coverage. They provide stability with over 37 years of experience and offer unlimited access to risk management resources and expertise.

 The Hartford

The Hartford is a well-established insurer offering a range of insurance products for accounting firms, including professional liability, property insurance, and business interruption insurance. Their policies are designed to provide reliable and affordable coverage for businesses of all sizes.

AICPA (Endorsed by CNA)

The AICPA Professional Liability Insurance Program, underwritten by CNA, offers specialized coverage tailored to CPA firms. This program includes access to risk management resources, a dedicated CPA hotline, and exclusive online policyholder resources. It is the only program endorsed by the AICPA.

Why Get an Insurance Quote with Blake Insurance Group?

Fast & Free Quotes – No obligation, just quick and easy comparisons.
Affordable Coverage – Tailored insurance options for accountants, CPAs, and financial professionals.
Top Insurance Providers – Get quotes from multiple commercial insurance companies at once.
Expert Guidance – Our licensed professionals help you understand your options and make informed decisions.

Get Your Free Insurance Quote Today!

If you’re a small business owner, accountant, or CPA, don’t leave your business unprotected. Get a free, no-obligation insurance quote today and compare coverage options from top-rated providers. Whether you’re looking for general liability, professional liability, or a BOP, we can help you find the best coverage at the most affordable rates.

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📌 Fill out our online quote form – Get instant quotes from multiple providers.
📌 Review & Compare – See side-by-side coverage options to find the best fit.
📌 Make an Informed Decision – Choose the policy that meets your needs and budget.

Frequently Asked Questions

What types of insurance do accountants and CPAs need?
Accountants and CPAs typically require several types of insurance to protect their businesses: - **Professional Liability Insurance (E&O)**: Covers errors, omissions, and negligence in professional services. - **General Liability Insurance**: Protects against bodily injury and property damage claims. - **Commercial Property Insurance**: Covers business assets like equipment and furniture. - **Workers' Compensation Insurance**: Mandatory in most states to cover employee injuries. - **Cyber Liability Insurance**: Essential for protecting against data breaches and cyber threats.
What does professional liability insurance cover for accountants and CPAs?
Professional liability insurance, also known as errors and omissions (E&O) insurance, covers legal defense costs and potential damages if a client sues due to alleged negligence or errors in professional services. This includes mistakes in financial statements, tax preparation, or financial advice.
Why is tail coverage important for CPAs?
Tail coverage, or extended reporting coverage, is crucial for CPAs as it extends the policy period to cover claims filed after the policy has expired. This is particularly important for retiring CPAs or those leaving private practice, as it protects against claims arising from past work.
How much does accountant insurance typically cost?
Insurance premiums for accountants vary based on factors such as location, firm size, revenue, and claims history. Generally, professional liability insurance is the largest expense, with costs ranging from 5% to 15% of annual revenue.
Can new accounting practices obtain insurance?
Yes, new accounting practices can obtain insurance. Since they lack a claims history, insurers may request additional information, such as the owner's resume or business plan, to assess risk.
What is the purpose of risk management resources in CPA insurance?
Risk management resources, often provided by insurers like CAMICO and Travelers, help CPAs mitigate potential risks and avoid claims. These resources include tools for managing intellectual property, security breach response, and legal consultations to improve business practices and reduce liability exposures.
Is professional liability insurance mandatory for CPAs?
While not universally required by law, professional liability insurance is highly recommended for CPAs due to the high risk of lawsuits and financial losses associated with errors or omissions. Many states require licensed accountants to carry this type of insurance.
How does general liability insurance benefit accounting firms?
General liability insurance protects accounting firms from claims related to bodily injury or property damage that may occur on their premises. Although accounting work is typically low-risk, this coverage is essential for any business with a physical location.
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Blake Insurance Group

Phone: (888) 387-3687

Email: [email protected]

Hours: Mon-Fri 9:00 am to 5:00 pm

Sat-Sun: Closed

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Blake Nwosu

Blake Nwosu

Owner & Principal Agent

Expertise: All personal and commercial line insurance, including auto, home, business, health, and life insurance.

License: 16117464

Bio Page: https://blakeinsurancegroup.com/blake-nwosu/