Business Insurance for Tax Preparers
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Tax Preparers
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How much does business insurance cost for tax preparers?

Tax preparer insurance costs depend on your policy limits, your business risks, the value of your property, and other factors. Cost estimates are sourced from policies purchased by Insureon customers.

Professional liability insurance icon

Errors and omissions insurance costs for tax preparers

The median cost of errors and omissions insurance (E&O) is less than $30 per month, or about $340 annually, for tax preparers. Also called professional liability insurance, this policy can cover legal fees of lawsuits related to work performance.

Median cost per year: $340
Policy limits: $250,000 per occurrence
Policy deductible: $500

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

General liability insurance icon

General liability insurance costs for tax preparers

Tax preparation businesses pay a median premium of less than $30 per month, or $350 per year, for general liability insurance. This policy provides protection against third-party injuries, third-party property damage, and advertising injuries.

Tax preparers can often save money by bundling general liability insurance with commercial property insurance in a business owner’s policy.

Median cost per year: $350
Policy limit: $1 million per occurrence
Policy deductible: $500

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

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Cyber liability insurance icon

Cyber liability insurance costs for tax preparers

With a median rate of less than $70 per month, or $810 per year, cyber liability insurance is crucial for tax preparers who handle sensitive information. This policy helps by paying for legal fees related to data breaches and cyberattacks.

Median cost per year: $810
Median generic limit: $1 million

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 tax preparers

The median cost of workers’ comp insurance is less than $35 per month, or $400 annually, for tax preparers. This policy is required in almost every state for tax preparation businesses with employees. It can help cover medical fees and lost wages for work-related injuries and illnesses.

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

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Insureon's licensed agents work with top-rated U.S. providers to find coverage that fits your tax preparation business, whether you work independently or hire employees. Compare quotes today with one free online application. If you decide to buy a policy, you’ll work with an account manager who specializes in the unique risks facing tax preparers and enrolled agents.

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