Many tax preparers make the costly mistake of assuming they would be covered under their general commercial liability policy. However, some risks are only covered under a professional liability insurance policy. We live in a litigious environment and it doesn’t take much for someone to turn to a lawsuit to resolve an issue. Therefore, as a tax preparer – whether you’re an accountant or bookkeeper- it’s important you understand the liability risks associated with your profession. We can tailor a policy that will protect you against those risks.
Many traditional insurance policies restrict certain aspects of liability coverage that tax preparers, accountants, certified public accounts and consultants should have in place. Standard policies have exclusions and limitations and you might not have the coverage.
One New Lawsuit Happens Every 2 Seconds In the U.S.
Most General Liability Policies Exclude Lawsuits Related To Your Tax Preparation Work