Business Insurance for Tax Preparers

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Save money by comparing insurance quotes for tax preparers

A mistake on a client’s tax return or a missed filing deadline could result in a costly lawsuit. Gain protection from professional mistakes and other risks with policies designed for tax preparers.

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One application, multiple quotes

Insureon helps tax preparation businesses compare insurance quotes from top U.S. carriers online. Get several quotes with one 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 injuries. Bundle with property insurance for savings in a business owner’s policy.

BEST FOR
  • Slip-and-fall accidents
  • Damaged customer property
  • Libel or slander lawsuits
Errors and omissions insurance icon

Errors and omissions insurance

Tax preparer errors and omissions 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 and enrolled agents 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

Workers’ compensation insurance is required in almost every state for tax preparation businesses that have employees. It can cover medical bills for work-related injuries.

BEST FOR
  • Employee medical expenses
  • Missed wages
  • Legal costs
Looking for different coverage? See more policies.

How much does insurance cost for tax preparers?

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Several factors will have an impact on insurance costs, including:

  • Tax preparation services offered
  • Business equipment and property
  • Revenue
  • Location
  • Number of employees
View Costs
What our customers are saying
"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.
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"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."
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Why do tax preparers need insurance?

Whether you’re a tax preparer, a bookkeeper, an accountant, or a financial advisor, clients depend on your expertise and trust you with sensitive data. That means you could be held liable for tax filing mistakes, an audit, or a data breach. Tax preparer liability insurance shields against lawsuits and helps pay for expenses such as data breach notification costs.

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