Accounting Insurance and CPA Insurance Quotes
A business owner's policy, or BOP insurance, is an important aspect of running company if you work as an accountant, CPA, or financial professional. This sort of coverage protects your business against responsibility and the financial consequences of liability in the same way that the homeowner's policy protects your home and its belongings. BOP policies are relatively inexpensive and are contained in the cost of running an accounting firm.
Accountants are responsible for their clients' financial records. The whole public, a specific firm, or a assortment of client firms receive services. Accounting companies may offer general financial services or specialise in a particular field such as taxes, real estate, or investments. An accounting firm may or might not be certified as a Certified Public Accountant (CPA). The necessity for CPA qualification is determined by the kind of work performed by the accountant and the purpose or kind of financial statements prepared for the customer.
If a CPA qualification is required, the accountant must be familiar with and also have experience with generally accepted accounting principles (GAAP) or statutory accounting principles (SAP), depending on the client. Some accountants also serve as financial planners and offer investment advice. Due to the wide range of information or expertise required for these operations, the next factors must be considered: background, education, certification, experience, and professionalism.
BOP insurance combine many basic coverage types into a single policy that protects your company from various risks and liabilities. Most small accounting companies and people in the financial services industry should get accounting insurance. Accountants, financial advisers, financial counsellors, and other financial-related company owners are included.
Accounting insurance can protect your company from Accounting Insurance litigation for as little as $27 per month. Get a quick price and your certificate of insurance immediately.
A conventional $1,000,000/$2,000,000 General Liability Insurance policy for small accounting companies costs between $27 and $59 a month, depending on location, services offered, payroll, sales, and expertise.
Although an accounting insurance policy is a smart spot to start when looking at CPA company owner's policies for your small business, there are other forms of accountant insurance to consider.
Work with your insurance agent to decide whether these common plans work for your company.