Business Insurance Requirements for Accountants in Georgia

There’s a reason why Georgia is one of the best-ranking states in the country to run a small business. The state has the dual benefit of having entrepreneur-friendly policies and being home to Atlanta, one of the least expensive major U.S. cities and a business hub in the South. However, whether you are based near the coast in Savannah or thinking of starting an office in Athens, it’s important to find the right accounting insurance to protect your business.

Any accounting business with three or more employees is required by state law to have workers’ compensation insurance. Commercial landlords usually require tenants to carry general liability insurance and/or property insurance in case there is an accident in the space you lease. Similarly, clients may insist that you obtain professional liability insurance.

Insureon makes shopping for insurance easy with industry-leading technology that gathers quotes from top U.S. carriers that fit your needs. Read more to find out which policies are most common for accountants in Georgia, and start an application to get your free quotes today.

Finding the right insurance policy for your accounting business

The most common policies for Georgia accountants vary depending on a number of factors, including revenue, client contracts, and partnerships. The table below illustrates which policies might work best for your business type.


Business type General liability / BOP Professional liability Workers' comp
1099 or independent contractor X X  
Business owner with employees X X X
Solo business owner X X  


General liability insurance: General liability insurance is the foundation of an accountant’s business protection. Coverage extends to bodily injury, client property damage, advertising injury, and the cost of legal defense. Most commercial leases require you to have this coverage.

Business owner's policy (BOP): Accountants sometimes qualify for a business owner’s policy. This package helps your business save money by bundling commercial property insurance with general liability at an affordable rate.

Professional liability insurance: Many clients require proof of professional liability insurance before entering contracts for professional services. This policy, also called errors and omissions insurance or accountant liability insurance, can help cover legal expenses if you’re sued for unsatisfactory work or a business discrepancy.

Georgia workers' compensation: Georgia state law requires workers’ compensation coverage for all small businesses with three or more employees. This includes minors, part-time staff, independent contractors, and full-time employees. If an employee is injured on the job, workers’ comp can help pay for medical fees and lost wages.

Accountants don’t face many workplace injuries. According to the Bureau of Labor Statistics, their most common injuries are falls, slips, and trips. Still, workers' comp can be a good choice for an accounting firm of any size, considering the potential cost of a hospital visit and wages lost due to time away from work.

Most Common Work Injuries for U.S. Accountants

Business insurance costs for accountants in Georgia

Despite a favorable cost of living and doing business in Georgia, insurance coverage expenses are slightly higher than the national average, according to an analysis of Insureon applications. However, accountants in Georgia can expect to pay less for CPA malpractice insurance (usually provided in professional liability policies) than accountants in other states. This is good news, especially considering that accountants’ liability insurance tends to be the most costly policy overall.

Median Insurance Costs for Georgia Accountants

Save time and money with Insureon

Insureon’s industry-leading technology helps accountants in Georgia save time and money shopping for insurance by comparing policies from dozens of top U.S. carriers. Simply apply online and review quotes for the policies that best fit your business needs. Our insurance specialists are licensed in Georgia and can answer your questions as you consider coverage.

To make the application go even quicker, have this information ready:

  • Workforce details, such as the number and types of employees.
  • Current and projected revenue.
  • Business partnerships.
  • Insurance history and prior claims.
  • Commercial lease insurance requirements.

Apply for free accountant insurance quotes today.