Accounting Firm Insurance in Tulare and Visalia, CA
Like any business, accounting firms need specific types of insurance to address common risks. Accountants and certified public accountants (CPAs) handle sensitive customer information and advise customers about handling critical financial matters. Accountant insurance can help protect your company from the risks associated with working in the financial services industry.
Contact Hooper Spuhler & Sturgeon Insurance in Tulare, California, today to learn more about how insurance can help provide essential financial protection for your accounting firm.
What Is Accounting Insurance?
Accounting insurance is a type of business coverage that helps protect your organization from unique risks in the financial services industry.
- Commercial property insurance helps repair or replace your owned or rented building and equipment, including computers, office furniture and documents.
- General liability insurance helps your firm pay claims that your accounting business caused property damage or bodily injury to a third party.
- Business income insurance helps replace lost income if you must shut down your accounting business temporarily to allow time for repairs after a covered event.
- Errors and omissions (E&O) insurance can help provide financial protection to accountants against costs associated with lawsuits alleging unsatisfactory work.
In addition to the above types of business insurance, accounting firms may also consider tailoring their coverage with the following policies:
- Commercial auto insurance
- Home-based business insurance
- Employment practices liability insurance
- Workers’ compensation insurance
- Cyber liability insurance
- Umbrella insurance
Who Needs Accounting Insurance?
There are several types of business professionals that could benefit from the financial protection offered by accounting insurance, including:
- CPA firms
- Accounting private practices
- Payroll accounting services
- Tax preparers
- Billing services
How Much Does Accounting Insurance Cost?
Since every accounting firm is different, your insurance premiums may vary wildly from another firm. In general, insurance companies use information about your company's location and size, the number of employees, annual revenue, claims history, and property value to determine insurance premiums.
Talk with your agent about tailoring an insurance plan to meet your company's needs. They can help you identify policies that may benefit your company and get you an accurate quote.
Get the Insurance You Need for Your Accounting Business
Contact the agents at Hooper Spuhler & Sturgeon Insurance today to learn more about your options for accounting business insurance.