An accounting error, data breach, or office injury could devastate a small finance business. Business insurance helps accountants and other finance professionals recover quickly from lawsuits and other unexpected costs.
This policy covers basic accounting risks, such as customer injuries and property damage. Bundle with property insurance for savings in a business owner’s policy.
This policy is also called errors and omissions insurance (E&O). It can cover legal expenses if a business is sued over an error that resulted in financial losses for a client.
This policy helps accountants, bookkeepers, and other financial experts survive data breaches and cyberattacks by helping to pay for recovery expenses and associated costs.
Most states require workers' comp for businesses that have employees. It also protects sole proprietors from work injury costs that health insurance might deny.
Fidelity bonds compensate clients for employee theft, including theft by electronic funds transfer. They're also called employee dishonesty bonds.