Accountants Professional Liability Insurance
Travelers Professional Liability 2.0 for Accountants, sometimes referred to as errors and omissions insurance, helps protect accounting professionals and small and midsized accounting firms from the risks related to performing tax preparation, bookkeeping and other professional services.
Accounting professionals are committed to supporting their clients through the accuracy and integrity of their work. Still, whether they function as a bookkeeper, tax preparer or certified public accountant (CPA), accounting professionals face potential exposure just by doing business.
What is accountants professional liability insurance?
This type of coverage is specifically designed to help protect accounting professionals from the array of emerging exposures they face. It can help protect firms against losses resulting from negligence, errors and omissions in the performance of professional services. This errors and omissions policy can be tailored to fit each business’s needs.
Key policy benefits
- Associated entity coverage
- Diminishing retention
- Network and information security offense coverage
- Investment advisor coverage
- Personal fiduciary coverage
- Limited trustee coverage
- Privacy breach notification costs
These extensions help ensure coverage not just for core accounting services, but also for the trusted advisory roles clients frequently ask accounting professionals to fill.
Who is accountants professional liability insurance right for?
Coverage is designed for the many roles accounting professionals play. "Professional services" is broadly defined to include work as an accountant, accounting consultant, investment advisor, personal fiduciary, notary public or arbitrator/mediator, as well as service on professional boards and committees.
Additional protections cover roles clients often ask accountants to fill:
- Bookkeepers
- Enrolled agents
- Tax preparers
- Small and midsized accounting firms
Supporting you through risk management
Travelers provides policyholders with access to exclusive industry-specific risk management resources. Made for clarity and ease of use, these tools help identify potential exposures early and offer practical guidance through real-world insights, education and proven best practices.
Any questions so far? We can help.
Find the nearest Travelers insurance agent for your insurance needs.
More Prepare & Prevent
Insights to help you manage risks at work and on the road
Resources for Technology
Managing Your Intellectual Property (IP)
Managing intellectual property can help prevent unintentionally using unlicensed software. Learn more about intellectual property management from Travelers.
Small Business Resources
Accepting Mobile Payments for Your Small Business
Mobile payment options are convenient but include risk. Learn more to help protect your small business.
Industry Resources
13 Risks Facing Professional Services Companies
As professional services companies evolve, here are some ways to help protect your business from risk.
Are you protecting your company from potential risks?
With a Travelers Professional Liability policy, you'll have access to the latest Risk Management resources.
Visit RiskManagement.Travelers.com.
Applications and forms for agents
Access all management and professional liability applications, as well as the surety bond forms library.