The Hartford takes the top spot as the best small business insurer for accounting firms. It excels most in coverage and affordability, earning perfect scores in both categories. However, we recommend comparing quotes from our other top picks, including NEXT, Simply Business, Coverdash and biBerk
Best Accountants Business Insurance
NEXT, The Hartford and Simply Business offer the best cheap business insurance for accounting companies, with rates starting at $14 monthly.
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Updated: November 9, 2025
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Business Insurance for Accounting: Key Takeaways
The three types of business insurance accounting firms need the most are professional liability (E&O), cyber liability and general liability insurance.
The best and cheapest small business insurance company for accountants is The Hartford with general liability coverage starting at $17 per month and overall rates averaging $48 monthly.
Compare business insurance options and providers, decide on coverage before buying and take advantage of discounts or programs to get the best deal on accountant and CPA policies.
Best Business Insurance for Accountants Companies
| The Hartford | 4.78 | $48 |
| NEXT Insurance | 4.74 | $50 |
| Simply Business | 4.50 | $51 |
| Coverdash | 4.50 | $62 |
| biBERK | 4.40 | $58 |
| Progressive Commercial | 4.40 | $54 |
| Nationwide | 4.40 | $58 |
| Thimble | 4.40 | $56 |
| Hiscox | 4.40 | $57 |
| Chubb | 4.30 | $66 |
*We based all scores onan accountants business with two employees across professional liability, general liability, workers' comp and BOP policies.
Get Matched to the Best Accountant Business Insurer for You
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LEARN MORE ABOUT THE BEST BUSINESS INSURANCE
To find the right coverage for your accountants business, check out the following resources:
1. The Hartford: Best Business Insurer For Accountants
pros
Top rated customer service and claims experience
Lowest rates overall for accounting firms and CPAs
Tailored coverage terms for policies to ensure proper reimbursement and flexibility
cons
Weaker digital experience compared to competitors
No availability in Hawaii or Alaska
COMPANY HIGHLIGHTS
With over 200 years of experience under their belt, The Hartford offers the best and cheapest business insurance coverage for accounting firms and CPAs.
One testimonial from an accounting company in Chicago recorded their experience with having their services interrupted for 30 hours due to a storm, and their agent provided phenomenal service and made the entire claims process smooth.
2. NEXT Insurance: Best Digital Experience for Accountants
pros
Tailored coverage recommendations including types and amounts
Fastest quote process and buying is 100% online
Cheapest workers comp insurance for CPA firms
Most likely to be recommended to others according to our customer survey
cons
Doesn't offer business interruption coverage separately (only in BOP policies)
Not as affordable for general liability insurance
No specifically tailored programs for accountants or coverage terms
COMPANY HIGHLIGHTS
While NEXT does not provide tailored programs for accountants, it offers a unique online experience that gives you true recommendations, including coverage types and limit amounts. It is a close second for affordability for errors and omissions coverage.
3. Simply Business: Cheapest Accounting General Liability Insurance
pros
Lowest rates for general liability policies for accountants
Most extensive coverage selection
cons
Customer service for policies not directly managed by them due to aggregator model
Not affordable for other coverage types
COMPANY HIGHLIGHTS
Simply Business is the third most affordable insurer in the industry overall. While customer service will vary depending on the provider you are matched with, their buying process is very easy and completely online. Many praise this and their helpful agents, rating them 4.6 out of 5.0 stars on Trustpilot.
Its aggregator model also allows them to offer more specialized options that can help accountants find the true coverage they need.
Cheapest Business Insurance for Accountant Firms
The Hartford charges accountants the lowest overall rates at $48 monthly on average and offers the cheapest professional liability coverage at $130. However, Simply Business provides more affordable BOP and general liability insurance, while NEXT offers cheaper workers compensation coverage for accounting firms.
| The Hartford | $48 | $577 |
| NEXT Insurance | $50 | $602 |
| Simply Business | $51 | $610 |
| Progressive Commercial | $54 | $649 |
| Thimble | $56 | $670 |
| Hiscox | $57 | $682 |
| biBERK | $58 | $694 |
| Nationwide | $58 | $698 |
| Coverdash | $62 | $749 |
| Chubb | $66 | $790 |
What Does Accountant Business Insurance Cost?
Accountant's business insurance costs are the following for the four most popular coverage types:
- General Liability: $22 on average per month, ranging from $19 to $26, depending on the state
- Workers' Comp: $20 on average per month, ranging from $18 to $24, depending on the state
- Professional Liability (E&O): $146 on average per month, ranging from $125 to $169, depending on the state
- BOP Insurance: $32 on average per month, ranging from $27 to $38, depending on the state
| BOP | $32 | $390 |
| General Liability | $22 | $266 |
| Professional Liability (E&O) | $146 | $1,751 |
| Workers Comp | $20 | $245 |
What Type of Insurance Is Best for a Accounting Company?
For most accounting businesses, the best types of coverage include professional liability, cyber liability, and general liability insurance. Workers' compensation, employment practices liability, and commercial auto insurance (if you have vehicles) legally required coverages in most cases.
BUSINESS INSURANCE GUIDES TO COVERAGE NEEDS
To learn more about whether you need different types of business insurance coverage:
How to Get the Best Cheap Business Insurance for Your Accounting Company
Here's a step-by-step method for finding the best and cheapest business insurance for your accountants company.
- 1Decide on Coverage Needs Before Buying
Consider what could go wrong in your accounting practice, such as data breaches, professional errors, or client injuries at your office. Talk with fellow accountants about their insurance experiences and consult with agents to understand your options.
- 2Research Costs For Accounting Firms
Learn what accounting firms typically pay for coverage before you start getting quotes. Research average business insurance costs for practices your size to understand fair pricing ranges. This knowledge helps you recognize good deals and gives you confidence when negotiating with insurers.
- 3Look Into Company Reputations and Coverage Options
Read what other accounting business owners say about insurers, focusing on their claims experiences and customer service. Check reviews on Google, Trustpilot, and business forums where professionals share honest feedback. Also verify that each company offers coverage options that match your specific needs before moving to the quote stage.
- 4Compare Multiple Quotes Through Different Means
Get business insurance quotes from at least three companies using different methods to find the best deal for your accounting firm. Try independent agents, company websites, and online comparison tools since each channel may offer different pricing. Sometimes calling insurers directly reveals discounts that aren't available online.
- 5Reassess Annually
Your accounting business will grow and change, affecting both your insurance needs and available rates. Review your coverage each year to ensure it still fits your current situation and shop around to confirm you're getting competitive pricing. Regular reassessment helps you avoid being underinsured or overpaying.
Best Insurance for Accounting Business: Bottom Line
The Hartford is the best cheap insurer for accountant business insurance overall. We also recommend getting quotes from NEXT, Simply Business and Coverdash. For the best deal, consult agents and similar businesses, research costs and companies, and compare multiple quotes.
Accountant Insurance: FAQ
We answer frequently asked questions about accountants company insurance:
Who offers the best accountants business insurance overall?
The Hartford delivers top-tier business insurance for accounting firms, earning a MoneyGeek score of 4.78 out of 5. NEXT follows closely behind with a score of 4.74, offering excellent affordability, customer support and comprehensive protection.
Who has the cheapest business insurance for accountants firms?
Here are the cheapest business insurance companies for accountants businesses by coverage type:
- Cheapest general liability insurance: Simply Business at $14 monthly
- Cheapest workers' comp insurance: NEXT at $19 monthly
- Cheapest professional liability insurance: The Hartford at $130 monthly
- Cheapest BOP insurance: Simply Business at $22 monthly
What business insurance is required for accounting organizations?
Workers' compensation (for employees) and commercial auto insurance (for business vehicles) are legally mandated for accounting firms, though requirements differ by state. General liability coverage and professional liability insurance are practically essential for client contracts and office leases.
How much does accountant business insurance cost?
Accountants business insurance costs per month by coverage type are as follows:
- General Liability: $22/mo
- Workers Comp: $20/mo
- Professional Liability: $146/mo
- BOP Insurance: $32/mo
How We Chose the Best Accountants Business Insurance
We selected the best business insurer for accountants companies based on the following criteria:
- Affordability (50% of score): The lower a company's costs compared to the competition based on our base profile for four core coverage types, the better the company performs.
- Customer service (30% of score): We scored providers on overall customer satisfaction using industry studies, customer review forum ratings and public forum sentiment analysis from sites like Reddit.
- Coverage (15% of score): We scored business insurance providers for this category based on the flexibility, payment and actual coverage options.
- Financial stability (5% of score): Using financial stability industry ratings from companies like AM Best and Moody's, we created an overall rating to judge how likely companies are to pay out claims compared to the competition.
All pricing in this article is based on the following base profile to represent the vast majority of small businesses in all states:
- Three-person business with two employees
- Coverage: $1 million per occurrence and $2 million total per year for all but BOP, which includes the same coverage plus $5,000 of business property coverage
- $150,000 in payroll
- $300,000 annual revenue
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.
sources
- AM Best. "Hartford Fire Insurance Company." Accessed November 21, 2025.
- NEXT. "Customer Reviews." Accessed November 21, 2025.
- Trustpilot. "Thimble." Accessed November 21, 2025.