Finance and Accounting Business Insurance
Compare multiple quotes from top carriers with one application.
What kind of work do you do?
An accountant's desk full of cost sheets and a calculator.
Logos of Insureon's Partners
We partner with trusted A-rated insurance companies

How much does insurance cost for finance and accounting businesses?

A number of factors contribute to finance and accounting business insurance costs, including your business size and its risks. Cost estimates are sourced from policies purchased by Insureon customers.

Professional liability insurance icon

Professional liability insurance costs for finance and accounting businesses

The median cost of professional liability insurance is less than $35 per month, or $400 annually.

This policy is also known as errors and omissions (E&O) or malpractice insurance. It can protect financial planners and other finance and accounting professionals from work mistakes that negatively impact clients.

The cost of professional liability depends on your risk

Among finance and accounting businesses that purchase professional liability insurance with Insureon, 11% pay less than $300 per year and 62% pay between $300 and $600 per year.

Businesses with a high risk of being sued over mistakes and oversights tend to pay more for this policy, so the cost primarily depends on the type of work you do.

Cost of professional liability insurance for finance and accounting businesses.

Professional liability policy limits for finance and accounting businesses

Most finance and accounting businesses (39%) choose professional liability policies with a $1 million per-occurrence limit and a $1 million aggregate limit.

Which professional liability limits do finance and accounting companies choose?

Learn how to save money on your policy, which coverage limits to choose, and more on Insureon's professional liability insurance cost analysis page.

General liability insurance icon

General liability insurance costs for finance and accounting businesses

Finance and accounting professionals pay a median premium of less than $30 per month, or $350 per year, for general liability insurance.

This policy provides financial protection against third-party bodily injuries and property damage, along with advertising injuries.

Your industry risks affect general liability costs

Among finance and accounting businesses that purchase general liability insurance with Insureon, 29% pay less than $300 per year and 61% pay between $300 and $600 per year.

Businesses that have a large number of clients or frequent public interaction pay more for this policy.

Cost of general liability insurance for finance and accounting businesses.

Common general liability policy limits for finance and accounting businesses

Policy limits determine how much your insurer will pay on covered claims. A per-occurrence limit is the maximum amount your insurer will pay for a single incident, while an aggregate limit is the maximum your insurer will pay on any claims during your policy period, typically one year.

Higher limits cost more – and provide better coverage.

Most finance and accounting businesses (92%) choose general liability policies with a $1 million per-occurrence limit and a $2 million aggregate limit. As your small business grows, you may need to expand your policy limits.

Learn how to save money on your policy, which coverage limits to choose, and more on Insureon's general liability insurance cost analysis page.

Compare insurance quotes for your finance or accounting business
Business owner’s policy icon

Business owner’s policy costs for finance and accounting businesses

Finance and accounting businesses pay a median premium of about $40 per month, or $500 per year, for a business owner’s policy. This policy combines general liability insurance with commercial property insurance, typically at a lower rate than if the policies were purchased separately.

A BOP protects against third-party injuries and property damage, along with damage to your own business property. Because of its increased coverage and affordability, it’s the policy most often recommended by Insureon’s licensed agents.

The cost of a BOP depends on your business property

Among finance and accounting businesses that purchase a business owner’s policy with Insureon, 11% pay less than $300 per year and 56% pay between $300 and $600 per year. The cost depends primarily on the value of your business property.

Cost of business owner’s policy for finance and accounting businesses.

Which business owner’s policy limits do finance and accounting companies choose?

Most finance and accounting businesses (90%) choose a business owner’s policy with a $1 million per-occurrence limit and a $2 million aggregate limit.

Learn how to save money on your policy, which coverage limits to choose, and more on Insureon's business owner's policy cost analysis page.

Cyber liability insurance icon

Cyber liability insurance costs for finance and accounting businesses

Finance and accounting businesses deal with sensitive client information, such as Social Security numbers and financial account information. That makes cyber liability insurance a must-have in this industry. This policy helps pay legal fees related to a data breach that exposes client information.

The median premium for cyber liability insurance is less than $80 per month, or $945 per year, for finance and accounting businesses.

The cost of cyber liability insurance depends on how much sensitive information your company handles

Among finance and accounting businesses that purchase cyber liability insurance with Insureon, 58% pay less than $1,000 per year and 34% pay between $1,000 and $2,000 per year. Companies that handle a lot of sensitive data will pay more for this policy.

Cost of cyber liability insurance for finance and accounting businesses.

Learn how to save money on your policy, which coverage limits to choose, and more on Insureon's cyber liability insurance cost analysis page.

Workers’ compensation insurance icon

Workers’ compensation insurance costs for finance and accounting businesses

To meet your state’s requirements and avoid penalties, finance and accounting businesses with employees typically must purchase workers’ compensation insurance.

Even if you work alone, you should consider buying workers' comp. This policy covers medical costs for work-related injuries, which your health insurance might exclude.

Finance and accounting firms pay a median of less than $35 per month, or $395 annually, for workers’ compensation insurance.

The cost of workers’ compensation insurance depends on the number of employees

Among finance and accounting businesses that purchase workers’ compensation insurance with Insureon, 28% pay less than $300 per year and 52% pay between $300 and $600 per year. The cost varies based on the number of employees and the level of risk involved with their jobs, among other factors.

Cost of workers’ compensation insurance for finance and accounting businesses.

Learn how workers' comp premiums are calculated and more on Insureon's workers' compensation insurance cost analysis page.

Explore insurance costs for your business

Don't see your profession? Don't worry. We insure most businesses.

Compare quotes from trusted carriers with Insureon

Insureon’s finance and accounting insurance agents work with top-rated U.S. carriers to find the best coverage for your business. Apply today to compare multiple quotes with one free online application. Work with an account manager specializing in the unique risks of your profession.

Compare finance and accounting business insurance quotes
Save money by comparing insurance quotes from multiple carriers.
What kind of work do you do?
EXPLORE ON INSUREON
Recommended insurance policies for accountants and auditorsRecommended insurance policies for bookkeepersWho needs professional liability insurance?Does CPA liability insurance cover fraud lawsuits?How to compare small business insurance quotes
TOPICS