Professional Liability Insurance & Cyber Risk Coverage for Accountants
Simple, reliable coverage designed for solo accountants, CPAs, and small to mid-size accounting firms.
Accounting Practice Protection
Independent accountants, CPAs, and small to mid-sized accounting firms are essential in guiding individuals and businesses through complex financial, tax, and regulatory challenges. With client trust at the core of your practice, protecting your firm against professional errors, liability claims, and cyber risks is critical. Protexure offers insurance solutions tailored specifically for accounting professionals, helping CPAs and accounting firms operate with confidence and security.
Key Risks Every CPA and Accounting Firm Should Know
Professional Liability Exposure
- Errors, omissions, or miscalculations in client work can lead to costly claims.
- Even small mistakes can damage your reputation and finances.
Cyber and Data Risks
- Handling sensitive client information puts your firm at risk of data breaches and cyberattacks.
- Compliance with privacy regulations (like IRS or state-level mandates) adds complexity.
Business Continuity Challenges
- A lawsuit, client dispute, or cyber incident can disrupt operations.
- Many small accounting firms and independent CPAs lack the internal resources to respond effectively.
Evolving Regulatory Environment
- Changes in tax law, accounting standards, and licensing requirements can increase exposure.
- Staying compliant while running a firm can be a heavy burden.
Insurance Solutions
Protects accountants against claims of errors, omissions, or negligence in the professional services provided. Essential for accounting professionals and certified professional accountants (CPAs) to safeguard reputation and finances.
Covers accountants in the event of a data breach, ransomware attack, or other cyber incident. Protects sensitive client information and helps accounting businesses recover quickly from digital threats.
We can help place additional coverage options that accountants may need including Employment Practices Liability Insurance (EPLI), Business Owners Policy (BOP), Workers’ Compensation and more – so your business stays fully protected.
Why Choose Protexure for Your Accounting Firm
Move forward with confidence, knowing your firm is protected.
Specialized Coverage for Accountants
Comprehensive insurance solutions, backed by trusted carriers, tailored specifically for independent accountants, CPAs, and small to mid-size accounting firms.
Simple, Fast Process
Web-based applications and fast, in-house underwriting make getting insurance quick and hassle-free.
Trusted by Accounting Firms
Over 90% of our accounting clients renew with us year after year, a testament to our reliable coverage, transparent pricing and responsive service.
No-Obligation Policy Review
We’ll review your current coverage, identify gaps, and provide a side-by-side comparison with recommended solutions – no commitment required.
Competitive, Transparent Pricing
Our accounting clients value clear, market aligned pricing and flexible payment options.
Ongoing Support for Your Firm
Access our team of insurance experts any time for guidance, questions or help, ensuring your accounting firm always has the support it needs.
The Protexure Team was fantastic to work with. Their web-based application was extremely easy to navigate through. Their response time was quick. Most of all, their premium was competitive!
George T. | CPA
The application process was so much easier than what I have ever experienced. I did not have to answer any questions that did not apply to my firm. The staff was knowledgeable and helpful. I am very happy with the Protexure Accountants program
Andrew K. | CPA
FAQs
Why should I work with a provider that specializes in smaller accounting firms?
Our program is built specifically for professional accountants, CPAs, and small to mid-size accounting firms, recognizing the unique risks and needs of these practices. By focusing on this segment, we can deliver solutions that truly fit your firm:
- Coverage Tailored to Your Firm: Policies are designed for the types of claims small accounting firms are most likely to face, protecting your practice where it matters most.
- Competitive, Market-Aligned Rates: By specializing in small to mid-size accounting firms, we can offer more predictable premiums and competitive pricing compared to broader programs targeting larger firms.
- Faster, Simpler Service: Our focus allows for quicker quotes, easier applications, and responsive support, so your firm gets coverage without delays or complexity.
- Expertise You Can Rely On: We understand the day-to-day challenges of CPAs, solo accountants, and small accounting practices, providing guidance and coverage tailored to your firm’s specific needs.
Why do Accountants Need Professional Liability Insurance
Accountants Professional Liability Insurance protects your personal and business assets if a client makes a claim. Without coverage, legal fees, settlements, or lawsuits could threaten your firm, your livelihood, and your reputation.
Why CPAs and Accounting Firms Need Cyber Insurance
Accountants, CPAs, and accounting firms handle sensitive client information, including financial records and personal data. Cyber insurance protects your firm from data breaches, ransomware attacks, and other cyber threats, while covering liability if client information is compromised.
How are Accountant Professional Liability Insurance Premiums Determined?
Your premium is calculated based on several factors, including your accounting firm’s practice areas, claims history, length of continuous coverage, and the liability limits and deductibles you select.
Accounting professional liability policies often use a step-rate structure: premiums start lower in the early years of your policy and gradually increase as your exposure grows. As your firm accumulates more prior acts—years during which a claim could still arise—your premium adjusts accordingly. Once your policy reaches its mature year, the premium stabilizes, providing predictable costs for your accounting firm
Who is covered under an Accountants Professional Liability Policy?
An accounting professional liability policy typically covers your accounting firm, including solo accountants and CPAs listed as the “Named Insured.” Coverage also extends to current, former, and future principals, partners, officers, members, employees, and, in some cases, contract or temporary staff working under your firm’s supervision.
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