Professional Liability Insurance for Tax Preparers and Bookkeepers

Professional Liability Program Introduction

  • Protecting yourself against errors, omissions, or accusations of negligence has never been easier. The 360 Coverage Pros Tax Preparer Professional Liability Insurance Program provides peace of mind while you focus on day to day business. With one of the easiest click and bind coverage processes in the industry at extremely affordable prices, the choice is easy!
    • Designed for Tax Preparers, Accountants, CPAs, Enrolled Agents, Annual Filing Season Program Participants, and PTIN Holders
    • Bundled coverage with monthly payments starting at just $23.33
    • 24/7 Access to Legal Advice Hotline
    • Fast and easy online application….No more waiting for coverage
    • Instant proof of insurance
    • First-class customer care professionals standing by to answer your questions
    • Need a custom quote?

Pricing Information

$250,000 Annual Aggregate
Coverage for Tax Preparers and includes bookkeeping, write-ups, payrolls, tax work and general business planning. Also includes coverage for Reviews, Compilations, and Audit work for private companies and individuals but these services must comprise less than 25% of total income. Personal financial planning and Investment advisory services are also included but must comprise less than 25% of total income.
Effective Date Pay In Full or Down Payment w/ Monthly Payment
06/01/21 Apply today for $267.80 $71.17 $23.33
   View more limit, coverage and pricing options
  • At the time of enrollment, each applicant is required to make a non-refundable payment in the amount of the first month’s premium (minimum earned premium). Administrative fees and minimum earned premium are non-refundable
  • Pricing includes a $40.00 Risk Purchasing Group Fee and 3% Delaware State Surplus Lines Taxes. Down payment refers to the monthly payment option. Your down payment includes one month's premium, administrative fees and a $5.00 monthly processing fee. Down payments will be processed immediately; monthly deductions as shown above will begin on the third of the month after the enrollment effective date.

Program Eligibility

  • Coverage is available to all tax preparation professionals including Accountants, CPAs, Enrolled Agents, Annual Filing Season Program Participants, and PTIN Holders.
  • Covered areas of practice include but are not limited to:
    • Bookkeeping, Write-ups, Payrolls
    • Tax Work
    • Services as a Notary Public
    • General Business Planning
    • Reviews, Compilations, Audits work for private companies and individuals (up to 25% of total services)
    • Personal Financial Planning or Investment Advisory Services (up to 25% of total services)
  • Coverage under the 360 Coverage Pros Tax Preparer and Bookkeepers Master Policy is currently NOT AVAILABLE in New York and Indiana. Request a custom quote

Program Features

  • In addition to professional liability coverage and at no additional charge we provide:
    • Disciplinary or License/Regulatory Proceeding Expense
    • Subpoena Assistance
    • Defendants Expense
    • Employee Theft Coverage
  • Monthly Payment Options Available
  • Painless automatic renewal process
    • As a busy professional, you have a lot on your plate. With 360 Coverage Pros' auto-renew feature, there's no need to complete an application every year. We’ll send you a renewal notice and if you still meet the eligibility requirements, you don’t have to do anything.
    • We’ll automatically renew your policy using the payment information we have on file. It’s that easy!
  • Defense costs reduce the limit of liability and are subject to the retention. Punitive damages are covered by the policy, unless uninsurable under applicable laws. Refer to the policy form for the definition of defense costs and punitive damages.
  • This is a claims made and reported policy. Claims must be submitted as soon as practicable in writing to the insurer. Coverage only applies to claims first made during the policy period. Claims must be reported during the policy period; or, during an extended reporting period (ERP). Prior acts are covered back to the first day of continuous professional liability coverage. Please refer to the policy form for claim reporting provisions and definition of a claim, prior acts definition, and ERP details.

Coverage Limits

  • $250,000 Limit Option
  • $500,000 Limit Option
  • $1,000,000 Limit Option

Deductibles and Retentions

  • $500 Deductible
  • $1,000 Deductible
  • $2,000 Deductible

Payment Options

  • Pay in full or choose monthly payments via credit card or electronic funds transfer (EFT). For those customers that select the monthly payment option, your credit card or EFT will be processed on the third of each month.

Underwriter

  • Your coverage is secured by Underwriters at Lloyds of London, an outstanding insurance company rated "A" XV (Excellent) by A.M. Best.

Disclosures

  • A.M. Best rating and other disclosures.
  • Professional Agents Risk Purchasing Group, LLC is a Delaware domiciled risk purchasing group (RPG). Risk Purchasing Groups differ from traditional insurance companies in several ways, for example: • Permitted by Federal Law – “Liability Risk Retention Act of 1986” • A group of insureds engaged in similar businesses or activities to purchase insurance coverage from a commercial insurer • May be exempt from some state insurance regulations • May not be covered by various state guarantee funds Arthur J. Gallagher & Co, and any of its subsidiaries do not guarantee the financial viability of any insurance company, carrier, pool, risk retention group, or other means of risk transfer or risk sharing.
  • For complete details on covered professional services and exclusions, please refer to the policy form.

Program Administrator

  • 360 Coverage Pros is administered by Gallagher Affinity, a global insurance brokerage, risk management and consulting services firm.
  • Refer to the policy form for additional definitions, terms, and conditions. Please contact us with any questions or concerns; you can also visit our Frequently Asked Questions section for more information.
  • Program administrative services include policy review and issuance, premium billing and invoicing, mid-term policy changes, coordination and issuance of certificates of insurance, online enrollment and account management and a dedicated customer support team with phone, chat and online contact features.

Professional Liability Program Introduction

  • Protecting yourself against errors, omissions, or accusations of negligence has never been easier. The 360 Coverage Pros Bookkeepers Professional Liability Insurance Program provides peace of mind while you focus on day to day business. With one of the easiest click and bind coverage processes in the industry at extremely affordable prices, the choice is easy!
    • Designed for Individually Employed Bookkeepers with a broad definition of professional services in a wide range of clerical roles
    • Bundled coverage with monthly payments starting at just $15.42
    • 24/7 Access to Legal Advice Hotline
    • Fast and easy online application….No more waiting for coverage
    • Instant proof of insurance
    • First-class customer care professionals standing by to answer your questions
    • Need a custom quote?

Pricing Information

$100,000 Annual Aggregate
Coverage for Bookkeeping Professionals operating within a supporting role in a firm including Bookkeeping, Write-ups, Payrolls, Assisting with Tax Work/Preparation, Assisting with General Business Planning, Data/Financial Record Maintenance and Audits, Processing Payables and Receivables, Account Management and Accounts Payable Duties, Preparing Business or Financial Statements, and Compliance Services.
Effective Date Pay In Full or Down Payment w/ Monthly Payment
06/01/21 Apply today for $169.95 $60.37 $15.42
   View more limit, coverage and pricing options
  • At the time of enrollment, each applicant is required to make a non-refundable payment in the amount of the first month’s premium (minimum earned premium). Administrative fees and minimum earned premium are non-refundable
  • Pricing includes a $40.00 Risk Purchasing Group Fee and 3% Delaware State Surplus Lines Taxes. Down payment refers to the monthly payment option. Your down payment includes one month's premium, administrative fees and a $5.00 monthly processing fee. Down payments will be processed immediately; monthly deductions as shown above will begin on the third of the month after the enrollment effective date.

Program Eligibility

  • Coverage is available to all bookkeeping professionals operating within a supporting role in a firm.
  • Covered areas of practice include but are not limited to:
    • Bookkeeping, Write-ups, Payrolls
    • Assisting with Tax Work/Preparation
    • Services as a Notary Public
    • Assisting with General Business Planning
    • Data/Financial Record Maintenance and Audits
    • Processing Payables and Receivables
    • Account Management and Accounts Payable Duties
    • Preparing Business or Financial Statements
    • Compliance Services
  • Coverage under the 360 Coverage Pros Tax Preparer and Bookkeepers Master Policy is currently NOT AVAILABLE in New York and Indiana. Request a custom quote

Program Features

  • In addition to professional liability coverage and at no additional charge we provide:
    • Disciplinary or License/Regulatory Proceeding Expense
    • Subpoena Assistance
    • Defendants Expense
    • Employee Theft Coverage
  • Monthly Payment Options Available
  • Painless automatic renewal process
    • As a busy professional, you have a lot on your plate. With 360 Coverage Pros' auto-renew feature, there's no need to complete an application every year. We’ll send you a renewal notice and if you still meet the eligibility requirements, you don’t have to do anything.
    • We’ll automatically renew your policy using the payment information we have on file. It’s that easy!
  • Defense costs reduce the limit of liability and are subject to the retention. Punitive damages are covered by the policy, unless uninsurable under applicable laws. Refer to the policy form for the definition of defense costs and punitive damages.
  • This is a claims made and reported policy. Claims must be submitted as soon as practicable in writing to the insurer. Coverage only applies to claims first made during the policy period. Claims must be reported during the policy period; or, during an extended reporting period (ERP). Prior acts are covered back to the first day of continuous professional liability coverage. Please refer to the policy form for claim reporting provisions and definition of a claim, prior acts definition, and ERP details.

Coverage Limits

  • $100,000 Limit Option
  • $250,000 Limit Option
  • $500,000 Limit Option
  • $750,000 Limit Option
  • $1,000,000 Limit Option

Deductibles and Retentions

  • $1,000 Deductible

Payment Options

  • Pay in full or choose monthly payments via credit card or electronic funds transfer (EFT). For those customers that select the monthly payment option, your credit card or EFT will be processed on the third of each month.

Underwriter

  • Your coverage is secured by Underwriters at Lloyds of London, an outstanding insurance company rated "A" XV (Excellent) by A.M. Best.

Disclosures

  • A.M. Best rating and other disclosures.
  • Professional Agents Risk Purchasing Group, LLC is a Delaware domiciled risk purchasing group (RPG). Risk Purchasing Groups differ from traditional insurance companies in several ways, for example: • Permitted by Federal Law – “Liability Risk Retention Act of 1986” • A group of insureds engaged in similar businesses or activities to purchase insurance coverage from a commercial insurer • May be exempt from some state insurance regulations • May not be covered by various state guarantee funds Arthur J. Gallagher & Co, and any of its subsidiaries do not guarantee the financial viability of any insurance company, carrier, pool, risk retention group, or other means of risk transfer or risk sharing.
  • For complete details on covered professional services and exclusions, please refer to the policy form.

Program Administrator

  • 360 Coverage Pros is administered by Gallagher Affinity, a global insurance brokerage, risk management and consulting services firm.
  • Refer to the policy form for additional definitions, terms, and conditions. Please contact us with any questions or concerns; you can also visit our Frequently Asked Questions section for more information.
  • Program administrative services include policy review and issuance, premium billing and invoicing, mid-term policy changes, coordination and issuance of certificates of insurance, online enrollment and account management and a dedicated customer support team with phone, chat and online contact features.

Professional Liability Program Introduction

  • 360 Coverage Pros provides accountants and Certified Public Accountants with affordable, “A+” rated, professional liability insurance coverage designed specifically for financial accounting professionals. Request an indication in minutes or schedule your free consultation with a liability insurance expert today.
    • This Malpractice Insurance Program is designed exclusively for those within the accounting profession
    • Multiple retention options – starting as low as $500
    • Claims made policy form
    • Solutions for solo practitioners, mid-sized and large firms

Pricing Information

  • At the time of enrollment, each applicant is required to make a non-refundable payment in the amount of the first month’s premium (minimum earned premium). Administrative fees and minimum earned premium are non-refundable

Program Eligibility

  • This accountant malpractice insurance program is available to accountants and CPAs in all fifty states.

Program Features

  • Low Rates
  • Broad definition of professional services designed to meet the needs of your practice
  • Prior Acts Coverage
  • Predecessor Firm Coverage
  • Extended Reporting Period Coverage

Coverage Limits

  • Multiple coverage options

Deductibles and Retentions

  • Multiple retention options – starting as low as $500

Payment Options

  • Pay in full or choose monthly payments via credit card or electronic funds transfer (EFT). For those customers that select the monthly payment option, your credit card or EFT will be processed on the third of each month.

Underwriter

  • Access to "A+" rated, admitted carriers

Program Administrator

  • 360 Coverage Pros is administered by Gallagher Affinity, a global insurance brokerage, risk management and consulting services firm.
  • Refer to the policy form for additional definitions, terms, and conditions. Please contact us with any questions or concerns; you can also visit our Frequently Asked Questions section for more information.
  • Program administrative services include policy review and issuance, premium billing and invoicing, mid-term policy changes, coordination and issuance of certificates of insurance, online enrollment and account management and a dedicated customer support team with phone, chat and online contact features.
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