Accountants Professional Liability in Grand Rapids, MI

As an accounting professional, you are dedicated to giving clients accurate and effective services. Nevertheless, mistakes can still occur. What’s more, it only takes one accounting error to lead to an expensive lawsuit. As such, it’s critical for accounting professionals like yourself to have professional liability insurance.  

The experts at L Squared Insurance Agency are happy to help you secure a personalized and cost-effective professional liability policy for your accounting firm. Be sure to keep your firm properly protected by calling 616.940.1101 today.  

What Is Accountants Professional Liability Insurance? 

Any mistakes that you make as an accounting professional—whether intentional or not—are capable of harming your clients or other applicable parties. In response to such a mistake, the harmed individual(s) could sue your accounting firm or demand compensation.  

Examples of accounting errors that could contribute to claims include the following: 

Fortunately, accountants professional liability insurance can assist your firm in fighting a claim. This form of coverage can help pay settlements, legal fees, court judgments, administrative costs and other expenses for both your accounting firm and the harmed individual(s).  

Put simply, this type of policy can offer your firm vital protection from the difficult financial and legal ramifications that typically follow a claim.  

Can Accountants Professional Liability Insurance Help My Firm’s Reputation? 

Take note that clients are becoming more and more likely to expect accounting firms to possess adequate insurance. As a result, informing your clients that you have accountants professional liability coverage can lead to various benefits. This may include greater service utilization, elevated prospecting success and a more trustworthy reputation for your accounting firm.  

Accountants Professional Liability Insurance Application 

The application procedure for accountants professional liability insurance typically requires your firm to share several important details—such as annual revenue, claims history and employee training protocols. The information provided within your application will be used by your insurer to determine your firm’s policy expenses. However, you don’t have to navigate the application procedure alone. The experts at L Squared Insurance Agency are here to assist you throughout the application process and help you obtain an affordable policy that’s customized to your firm’s specific needs.