Tax Preparer Insurance

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Tax Preparers
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Why do tax preparers need insurance?

A mistake on a client’s tax return or a missed filing deadline could result in a costly lawsuit. Gain peace of mind from professional mistakes and other risks, such as data breaches, with tax preparer liability insurance.

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One application, multiple quotes

Insureon helps tax preparers compare small business insurance quotes from top U.S. carriers online.

Get several quotes with one easy application.

What types of business insurance policies do tax preparers need?

These policies provide coverage for the most common tax preparer risks.

General liability insurance icon

General liability insurance

This policy covers common tax preparer risks, including customer property damage and bodily injuries. Bundle with commercial property insurance for savings in a business owner’s policy (BOP).

BEST FOR
  • Slip-and-fall accidents
  • Damaged customer property
  • Libel and other advertising injuries
Errors and omissions insurance icon

Errors and omissions insurance

Tax preparer E&O insurance, also called professional liability insurance, can cover legal expenses related to work performance, such as a missed deadline.

BEST FOR
  • Errors on a tax form
  • Missed filing deadlines
  • Accusations of negligence
Cyber liability insurance icon

Cyber liability insurance

This policy helps tax preparers survive data breaches and cyberattacks. It can help pay for recovery expenses, client notification costs, and more.

BEST FOR
  • Data breach lawsuits
  • Cost of notifying affected clients
  • Fraud monitoring expenses
Workers’ compensation insurance icon

Workers’ compensation insurance

Most states require workers' comp for tax preparation businesses that have employees. It also protects sole proprietors from work injury costs that health insurance might deny.

BEST FOR
  • Employee medical expenses
  • Disability benefits
  • Legal fees
Fidelity bond icon

Fidelity bonds

Fidelity bonds compensate clients for employee theft, including theft by electronic funds transfer. They're also called employee dishonesty bonds.

BEST FOR
  • Employee theft
  • Employee fraud
  • Contract requirements
Looking for different coverage? See more policies.

How much does insurance cost for tax preparers?

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A small tax preparation business will pay less for commercial insurance than a larger company.

Factors that affect the cost of small business insurance include:

  • Tax preparation services offered
  • Business property and equipment
  • Business income
  • Business operations
  • Types of insurance purchased
  • Policy limits and deductibles
View Costs

How do I get tax preparer liability insurance coverage?

It's easy to get tax preparer liability policies if you have your company information on hand. Our application will ask for basic facts about your business, such as revenue and number of employees. You can buy a policy online and get a certificate of insurance with Insureon in three easy steps:

  1. Complete a free online application
  2. Compare insurance quotes and choose policies
  3. Pay for your policy and download a certificate

Insureon's licensed insurance agents work with top-rated U.S. providers to find the right liability coverage for your tax preparation business, whether you work independently or hire employees.

What our customers are saying
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"I had an urgent contractual requirement for insurance in December to pay before the end of the year. Holly Burton worked with The Hartford to send me an invoice around Christmas. I have saved hundreds in taxes."
Richard C.
Software / internet design
"Raynaldo made quick work of things. I told him what I needed, and ultimately I had a certificate of insurance in a matter of hours."
Michael D.
Programmer
"The response time was almost immediate. The options I was given were based on my company's needs. I received the policy in record time."
Esther L.
Management consultant
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