Accountants' Secret Weapon Professional Liability E&O Revealed

If you're an accountant looking to safeguard your practice while enhancing your professional credibility, exploring professional liability E&O insurance options could be your secret weapon.

Understanding Professional Liability E&O Insurance

Professional Liability Insurance, often referred to as Errors and Omissions (E&O) insurance, is a critical safeguard for accountants. It protects against claims of negligence or inadequate work, which can arise even if you've done nothing wrong. This type of insurance covers legal costs and settlements, ensuring that a single lawsuit doesn't cripple your business financially. With the growing complexity of financial regulations, having this protection can be a game-changer for your practice.