Accounting Firms Insurance
Coverage recommendations, carrier options, and cost estimates for accounting firms businesses — what you need, what it costs, and how to get covered.
Recommended Coverages
BOP
essentialBundles general liability, commercial property, and business income/extra expense into one policy.
$1M GL per occurrence / $2M aggregate; Property limits vary by business personal property and building values
$500 - $3,500/year for low-risk small businesses; $3,000 - $10,000+ for higher-revenue or higher-risk classes
Professional Liability (E&O)
essentialClaims arising from professional errors, omissions, negligent acts, or failure to perform professional duties. For Accounting Firms businesses, key exposures include high e&o exposure from financial advice. Common claims include tax filing error causing client penalties. Agent note: Professional liability (E&O) is the most critical coverage — state boards may require it
$1M per claim / $2M aggregate is standard; higher limits for regulated professions
$500 - $3,000/year for low-risk professions; $3,000 - $20,000+ for attorneys, accountants, and healthcare
Cyber Liability
recommendedData breach notification costs, forensic investigation, credit monitoring, regulatory defense and fines, business interruption from cyber events, ransomware payments, and third-party claims from data exposure. For Accounting Firms businesses, key exposures include client data sensitivity. Common claims include data breach of client financial records. Agent note: Cyber liability essential due to handling sensitive financial data (SSNs, bank accounts)
$1M per claim / $1M aggregate for small businesses; $5M-$10M+ for larger organizations
$750 - $3,000/year for small businesses; $5,000 - $25,000+ for businesses handling significant PII or PHI
Workers Comp
recommendedMedical expenses, lost wages, rehabilitation costs, and death benefits for employees injured on the job. Common claims include embezzlement by employee.
Statutory limits per state law; Employers Liability typically $500K/$500K/$500K
Based on payroll × class code rate × experience mod. Ranges from $0.50 to $30+ per $100 of payroll depending on classification
Get matched with a specialist broker
Harper is an AI-native commercial insurance brokerage with deep specialty and E&S market access — a strong fit for professional and harder-to-place risk (E&O, cyber, umbrella). It targets coverage in 24 to 48 hours.
Risk Profile
Physical
Liability
Professional
Property
Top Risks
- High E&O exposure from financial advice
- Tax filing errors
- Client data sensitivity
- Regulatory compliance
- Seasonal workload spikes
Carriers That Write Accounting Firms
One of the largest small commercial writers in the U.S. with broad class appetite. Competitive BOP pricing and a streamlined agent portal with fast online quoting.
Broad appetite across most commercial classes with competitive package pricing. Strong multi-line capabilities — agents can bundle GL, property, auto, and umbrella under one carrier.
Known for competitive commercial auto rates and fast online quoting. Strong appetite for businesses with vehicle fleets and a growing BOP book.
Berkshire Hathaway-backed (AM Best A++) with competitive pricing for standard small business classes. Fully online quoting and binding process.
Cost Estimate
$5,000 - $25,000+ for businesses with $300K - $5M revenue
Key Pricing Factors
- Annual revenue ($300K - $5M is typical for this class)
- Employee count (3-30 is typical)
- Services offered (tax, audit, advisory)
- Client types (individual, business, government)
- Number of CPAs
- E&O claim history
See the Per-Coverage Cost Breakdown
For median GL, BOP, WC, and auto premiums sourced from Insureon, plus a worked quote example and the underwriting questions to expect, see our accounting firms insurance cost page.