Facebook iconTwitter iconLinkedIn iconEmail icon

How much does insurance cost for accountants, CPAs, and auditors?

The cost of accountant and auditor insurance is determined by your business risk, number of employees, and other factors. Cost estimates are sourced from policies purchased by Insureon customers.

General liability insurance icon

General liability insurance costs for accountants and auditors

Accountants and auditors pay a median premium of less than $30 per month, or $350 per year, for general liability insurance. This policy provides protection against third-party injuries, third-party property damage, and advertising injuries.

Insureon recommends purchasing a business owner’s policy for more complete coverage, as a general liability policy does not cover your business property.

Median cost per year: $350
Policy limit: $1 million per occurrence
Policy deductible: $500

Learn more about general liability insurance.

Professional liability insurance icon

Professional liability insurance costs for accountants and auditors

The cost of CPA professional liability insurance is less than $45 per month, or $500 annually. Also known as errors and omissions insurance, this policy covers legal costs if an accounting or auditing business is sued for substandard work.

Median cost per year: $500
Policy limits: $1 million per occurrence
Policy deductible: $1,000

Learn more about professional liability insurance.

Cyber liability insurance icon

Cyber liability insurance costs for accountants and auditors

With a median premium of less than $90 per month, or $1,060 per year, cyber liability insurance is crucial for accounting and auditing professionals who handle sensitive information. This policy helps cover legal fees related to a data breach or cyberattack.

Median cost per year: $1,060
Median generic limit: $1 million

Learn more about cyber liability insurance.

Workers’ compensation insurance icon

Workers’ compensation insurance costs for accountants and auditors

The median cost of auditor and accountant workers’ comp insurance is less than $35 per month, or $395 annually. This policy is required in almost every state for businesses with employees. It can help cover medical fees and lost wages for work-related injuries and illnesses.

Learn more about workers' compensation insurance.

Get free quotes and compare policies with Insureon

Insureon’s finance and accounting insurance agents work with top-rated U.S. carriers to source coverage that fits your accounting or auditing business, whether you work independently or run a firm with several employees. Apply today to compare insurance quotes from multiple carriers with one free online application. If you choose to purchase a policy, you’ll work with an account manager who specializes in business risks for accountants and auditors.

Compare insurance quotes for accountants
Save money by comparing insurance quotes from multiple carriers.
Learn More
What are insurance premiums, policy limits, and deductibles?Common questions about certificates of insurance5 risks that could bankrupt your accounting or finance firm7 things finance and accounting businesses should know before purchasing insurance
Topics
Accountants & auditors
Finance & accounting