Best Accountant & CPA Business Insurance

Below we've summarized the main things you need to know in regard to accountant and CPA business insurance (Click each topic to learn more):

• What Accounting and CPA Insurance Is: Accounting and CPA insurance is a specialized business policy bundle that protects you from common issues in the industry like professional negligence and customer data loss.
• What Kinds of Business Insurance Are Best/Most Needed: Professional liability (E&O), cyber liability, worker's comp, commercial property and general liability insurance are required or needed most for accountants and CPAs.
• Average Accounting & CPA Business Insurance Cost: Accountant and CPA business insurance pricing ranges from $18 to $169 per month on average depending on a variety of factors like company size, state and who you provide services for.
• Best Accounting & CPA Business Insurance Companies: In order, the best business insurance companies for accountants and CPAs are The Hartford, NEXT, Simply Business, Coverdash and biBERK.
• How should I buy accounting/CPA insurance: 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.

Once you feel ready, we can match you to your ideal business insurance provider for your accounting or CPA firm with our tool below.

In short, accounting or CPA business insurance is a personalized bundled policy that often includes coverages like professional liability, workers' comp insurance (if you have employees), cyber insurance, commercial property and general liability insurance to protect your company. Common industry risks that this type of policy will cover you for include but are not limited to:

• Inability to follow through with professional obligations of a contract
• Errors and omissions in accounting practice that cause financial losses
• Customer losses due to a data breach happening to your systems
• Damages to your property arising from theft, vandalism and weather
• Injuries that happen to employees while on the job
• Slip and fall injuries happening to customers in your company office

For most accountants or CPA, the best types of business insurance coverage include the following:

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

Keep in mind that your CPA company's insurance costs will vary widely depending on factors like your claims history, number of employees, types of clients you serve, annual revenue/payroll and your location.

The Hartford takes the top spot as the best small business insurer for accounting and CPA firms due to its balance of affordability, great service, and tailored coverage options that suit the industry area's needs. However, we recommend comparing quotes from our other top picks, including NEXT, Simply Business, Coverdash and biBerk to ensure you get the right fit.

*We based all scores onan accountants business with two employees across professional liability, general liability, workers' comp and BOP policies.

Here's a step-by-step method for finding the best and cheapest business insurance for your accountants company.

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.