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.
Insureon helps tax preparers compare small business insurance quotes from top U.S. carriers online.
Get several quotes with one easy application.
These policies provide coverage for the most common tax preparer risks.
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).
Tax preparer E&O insurance, also called professional liability insurance, can cover legal expenses related to work performance, such as a missed deadline.
This policy helps tax preparers survive data breaches and cyberattacks. It can help pay for recovery expenses, client notification costs, and more.
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.
Fidelity bonds compensate clients for employee theft, including theft by electronic funds transfer. They're also called employee dishonesty bonds.
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:
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:
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.