Accountants get tailored quotes for ultimate protection now
Financial Considerations and Benefits
Investing in tailored insurance may seem like an additional expense, but it offers significant financial benefits in the long run. The cost of insurance is often outweighed by the potential losses from lawsuits, data breaches, or business interruptions. Moreover, many insurance providers offer competitive rates and discounts for accountants, making it easier to find affordable options that suit your needs.
According to industry reports, the average cost of professional liability insurance for accountants ranges from $500 to $1,000 annually, depending on the size of the firm and the coverage limits1. Cyber liability insurance typically starts at around $1,000 per year2.