Tax Preparer Insurance in Norcross

As a tax preparer, clients entrust you with some of their most important and private information. Furthermore, your business operations may often include inherent involvement in significant financial matters. Given this constant level of responsibility, even the most experienced and diligent tax professionals must take precautions and implement appropriate loss control measures, including a versatile and robust insurance portfolio.  

What Types of Insurance Do Tax Preparers Need? 

Tax preparers may have unique insurance needs even compared to colleagues who conduct similar tasks. Still, there are at least several types of coverage that generally transcend specific circumstances and should be considered advisable investments for most in this profession, such as the following: 

• Errors and omissions insurance—Also known as professional liability insurance, this type of coverage can provide financial assistance if a client accuses you of committing mistakes or negligence while preparing their taxes or otherwise providing inadequate services. 
• Cyber liability insurance—The coverage provided by these policies can play a critical role in helping you manage the financial ramifications of data breaches and other cyber incidents, such as if your clients’ financial information is exposed. 
• Commercial property insurance—This type of insurance can financially protect your business’s physical assets, including your building, furniture, electronics and inventory. 
• Business interruption insurance—If a covered incident disrupts your normal operations, this part of your insurance portfolio can help recoup losses and ongoing expenses, including reduced revenue, loan payments and payroll. 
• General liability insurance—This coverage can insulate you from third-party bodily injuries and property damage for which you are at fault, such as if a client is hurt while having an on-site consultation at your business. 
• Workers’ compensation insurance—This coverage is legally required for many employers and can provide financial support if your employees are injured on the job or develop work-related illnesses. 

Where to Get Insurance for Tax Preparers 

By working with a qualified insurance professional, such as those at Express Insurance Services, you can acquire and maintain robust financial security for your business. Contact us today to learn more.