Insurance for CPA and Accounting Firms
Protect your practice with insurance for CPA and accounting firms.
Precision defines your profession – from reconciling ledgers, to filing taxes, to preparing client reports, the smallest misstep can have big implications. Whether you’re managing a solo CPA practice or leading a growing accounting firm, small business insurance is essential.
Travelers offers business insurance solutions designed to support the business side of accounting – from defending against liability claims to helping recover quickly from a data breach or office disruption. With risk control tools, responsive claim service and deep industry knowledge, we help CPA and accounting firms stay resilient and focused on delivering trusted advice.
Who needs insurance for CPA and accounting firms?
Every accounting practice – regardless of size – can benefit from business insurance tailored to their operations. Travelers works with a variety of professionals, including:
- Certified public accountants (CPAs)
- Small to midsized accounting firms
- Tax-focused practices
Products & solutions
What insurance coverages are right for your CPA or accounting firm?
The right insurance coverage helps protect firms from disruptions that can impact your clients, your reputation and your bottom line. Here’s a breakdown of essential policies – and how they align with the day-to-day realities of CPA and accounting practices.
Foundational insurance coverage
A business owner’s policy combines general liability, commercial property insurance and business income protection into one core package for small business owners.
General liability insurance – Covers third-party claims involving accidental bodily injury or property damage – such as a client tripping in your office.
Property insurance – Protects the physical assets of your practice, including computers, tax filing systems and furniture, from damage due to fire, theft or certain natural disasters.
Business income insurance – Helps cover lost revenue and ongoing expenses if your office is temporarily closed due to a covered event.
Add-on protection for CPA and accounting firms
- Commercial auto insurance – Covers vehicles used for business purposes, like client visits or transporting records between office locations.
- Cyber liability insurance – Protects your accounting firm from cybercriminals who target sensitive data with cyber liability insurance. This coverage helps with breach response, credit monitoring, client notifications, legal fees and regulatory penalties.
- Employment practices liability (EPL) – Provides protection against employment-related claims such as harassment, wrongful termination or discrimination.
- Equipment breakdown coverage – Covers repair or replacement of essential tech – such as servers, scanners or backup power systems – if damaged by electrical or mechanical failure.
- Umbrella liability insurance – Adds an extra layer of liability protection beyond standard practice policies – useful for covering high-cost claims involving client injury.
- Workers compensation insurance – Covers job-related injuries, such as carpal tunnel syndrome or back strain from lifting archived files and provides wage support during recovery.
Optional coverages
Travelers offers advanced coverage packages designed to expand protection and address more complex exposures specific to accounting practices.
- Professional Services Premier – This enhanced package goes beyond standard policies with more than 40 property and business income coverage upgrades – including increased limits for document restoration, business interruption due to utility outages, debris removal and protection for valuable papers. Benefit from a $350,000 blanket limit that provides added financial protection where it’s needed most. Ideal for accounting firms.
- Xtend Endorsement® – Maintain strong business relationships with landlords, vendors or referral partners. The Xtend Endorsement includes 12 general liability coverage enhancements, extension of coverage to unnamed subsidiaries (other than partnerships and joint ventures) and a blanket waiver of subrogation that protects trusted business partners from recovery of damages.
Did you know?
#1
cause of liability claim loss is offices slips and falls.1
#1
cause of professional liability lawsuits is tied to tax preparation services.2
#1
business concern is cyberattacks.3
Claim scenarios in CPA and accounting offices
Understanding what can go wrong is the first step in choosing well-rounded insurance protection. Here are a few examples:
- Cyber incident – A phishing email allows a cybercriminal to access your system and modify client wire instructions. Funds are redirected, and the client sues for negligence.
- Professional liability lawsuit – A misfiled tax return results in IRS penalties for a client. The firm is sued for financial damages.
- Property damage and disruption – A burst pipe ruins archived client documents. The firm must temporarily relocate, losing access to key systems during tax season.
- Workplace injury – An employee strains their back while lifting a box of client files. The injury requires physical therapy and two weeks of recovery.
Fast fact:
With 60% of firms experiencing multiple cyberattacks,4 Travelers delivers when it matters most – offering cyber coverage that helps with data recovery, legal fees and regulatory response. Learn more about emerging threats in the Travelers Cyber Risk Index.
How are insurance costs for CPA and accounting firms calculated?
Insurance costs vary by firm. Factors that impact your premium include:
- Number of employees and office locations.
- Annual revenue and services provided.
- Prior claim history.
- Data protection and risk management measures in place.
Partnering with an insurance expert helps CPA and accounting firms navigate their specific coverage requirements and choose protection that fits their size and services.
Services to support CPA and accounting insurance needs
When you choose Travelers, you get more than just policies – you get experience, support and tools fit for your practice.
- 24/7 claims reporting – Report a claim anytime.
- Expert loss consultation – Get advice from commercial property and auto professionals on how and when to file.
- MyTravelers® for Business – Manage your policy, payments and claims online anytime.
- Flexible payment options – Choose monthly billing or use TravPay® to link premiums to your payroll cycle.
Balance the risks with insurance for CPA and accounting firms
Your clients count on you. You can count on Travelers.
Make sure your practice is protected. Connect with a Travelers agent to build an insurance plan that keeps your CPA or accounting firm running smoothly – no matter what the season brings.
Contact a Travelers agent to learn more and get a quote.
Sources:
1 Travelers Claim Data Closed Year (2018-2024), GL Bodily Injury only.
2 Journal of Accountancy 2024.
3,4 Travelers Cyber Risk Index 2025.
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Insights to help you manage risks at work and on the road
Travelers Risk Index
2025 Risk Index: Cyber Risks Remain a Top Business Concern
Explore the top business risks in the 2025 Travelers Risk Index. Learn why cyber threats continue to be a top concern, and more.
Small Business Resources
Prepare Your Small Business Against Cyberattacks
Cyberattacks can have a large impact on small business. Learn more about how to protect your small business.
Workplace Safety Resources
The Travelers Injury Impact Report
Travelers knows firsthand that injuries can occur in any business, regardless of industry or size. Learn more in the Travelers Injury Impact Report.
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