As an accountant, your superpower is keeping financial chaos in check. You're the calm in the tax-season storm, the expert clients rely on when numbers just won’t behave. But even the most precise professionals can hit an unexpected snag. That's where accountants' insurance steps in—to make sure one small misstep doesn't turn into a financial disaster.

Let’s break down the key types of insurance that every accountant (and accounting firm) should consider:

🧾 Professional Liability Insurance (aka Errors & Omissions Insurance)

This is the MVP of insurance for accountants. It protects you from claims of negligence, misrepresentation, or inaccurate advice. Whether it’s a tax filing error or a misunderstood deduction, this policy can help cover legal fees and settlements. It’s like having a financial parachute when things go sideways.

🧯 General Liability Insurance

This is your defense against everyday mishaps—like if a client trips over a loose rug in your office or if your coffee takes a nosedive onto someone's laptop. It covers bodily injury, property damage, and personal injury claims. Think of it as business bubble wrap.

🏢 Business Owner’s Policy (BOP)

BOPs are bundled packages that include both general liability and property insurance. They’re ideal for small to mid-sized accounting firms looking for a smart, cost-effective way to get broad coverage.

🔐 Cyber Liability Insurance

Accountants handle loads of sensitive financial data, making cyber insurance a must. It helps cover expenses related to data breaches, hacks, and other cyber incidents. If a hacker breaks in and leaks client info? This coverage has your back.

🧑‍💼 Workers' Compensation Insurance

If you have employees, this one’s not optional in most states. It covers medical bills and lost wages if an employee is injured on the job—and protects you from lawsuits.

💼 Business Overhead Expense (BOE) Insurance

If you’re temporarily unable to work due to illness or injury, BOE insurance can cover your firm’s operating costs like rent, utilities, and salaries. It's a great way to keep your practice running, even when you're out of the picture.

In short, while you’re crunching numbers and managing financial risks for others, don’t forget to manage your own. The right insurance coverage can keep your firm protected, your reputation intact, and your future secure.

Managing risk is a critical part of running a successful business. We’re here to help ensure your company complies with state regulations and arrange coverage to transfer potential risks from your operations to a trusted insurance carrier.

If your business assets or exposures require specialized coverage, consider a complimentary Commercial Insurance Review with UWIB Risk. This thorough assessment can identify gaps in your current policies and provide tailored solutions to protect your business effectively.

Take the first step towards comprehensive protection. Schedule your cost-free Commercial Insurance Review today!