Business Insurance Requirements for Accountants in Pennsylvania

Whether you’re based in Pittsburgh or Philadelphia, business insurance is vital to protect your accounting firm from a variety of risks. The insurance policies best suited for your business are usually determined by several key factors. In Pennsylvania, workers’ compensation insurance is mandatory for all employers with one or more full- or part-time employees. Your lease agreement might also require commercial property insurance and general liability insurance. Landlords often want tenants to carry these policies in case an accident happens on their property. Similarly, client contracts may require you to have professional liability insurance to protect your clients' interests.

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 Pennsylvania, or start an application to get your free quotes today.

Find the right insurance policy for your accounting business

The most common policies for Pennsylvania accountants vary depending on 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
Sole proprietor X X  
Partner X X  
Contractor / freelancer X X  
Employer X X X


General liability insurance: General liability insurance is the foundation of an accountant’s business protection with coverage that 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 a general liability policy 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.

Pennsylvania workers' compensation: Pennsylvania state law requires workers’ compensation coverage for all small businesses with employees. The requirement includes part-time and full-time staff. If an employee is injured on the job, workers’ comp can help pay for the resulting medical fees and lost wages. Sole proprietors also have the option of obtaining a workers’ comp policy to protect themselves from on-the-job injuries that could require time off to recover. Accounting isn't an industry known for its hazards, but accidents can occur in any workplace.

Most Common Work Injuries for U.S. Accountants

Business insurance costs for accountants in Pennsylvania

The cost of business insurance for accountants in Pennsylvania is higher than the national median for a few key policies, according to an analysis of Insureon applications. Business owner’s policies, workers’ comp, and general liability all cost more in Pennsylvania than in most other states. At $1,500 a year, a business owner’s policy is the most expensive. It outstrips the national premium by $500, but that premium represents two policies: general liability and property insurance.

Median Insurance Costs for Pennsylvania Accountants

Save time and money with Insureon

Insureon’s industry-leading technology helps accountants in Pennsylvania 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 Pennsylvania 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.