Accounting & Bookkeeping Errors and Omissions from Insurance Management Associates, Inc.

As an accountant or bookkeeper you know protecting your business and reputation is everything —and oftentimes a typical business insurance policy just isn’t enough. Bookkeepers, professionals who provide financial and consulting services as well as individuals who prepare financial reports are vulnerable to mistakes, and need a custom Errors and Omissions or Professionally Liability insurance plan.

Accountants professional liability insurance or errors and omissions insurance is designed to cover you against client claims such as breach of duties, conflict of interest, failure to uncover fraudulent accounting practices during audit, services provided do not meet the client’s expectations, and so on.

Accountants professional liability insurance typically offers coverage for judgments, settlements and defense costs. Even if the allegations against you are found to be unjustified, thousands of dollars may be needed in order for you to defend the lawsuit. Unwarranted lawsuits can bankrupt a small Accounting Firm or individual and have been known to have a lasting effect on an agency’s bottom line.

You’ve worked hard and dedicated yourself to the success of your business, so why allow it all to be at risk?

Protect your accounting firm or yourself with a custom accountants professional liability insurance plan. Contact us today.