Accountants Professional Liability in Grand Rapids, MI
Accountants Professional Liability Insurance Quote Forms
Looking for coverage? Click any of the following links to submit a quote for quick, accurate and affordable rates.
Fillable PDF Indication Form (If using Chrome, please save the .pdf file prior to completing as the browser viewer will not save your information)
Email, Fax or Mail the signed application to L Squared Insurance Agency
Fax: (616) 940-1196
Mail: L Squared Insurance Agency
2430 Camelot Ct SE
Grand Rapids, MI 49546
Accountants Professional Liability Insurance Information
Accountants and their companies play critical roles in monitoring, managing and securing the financial interests of their clients. These professionals are entrusted to provide accurate, dependable and timely services and deliver reliable guidance. However, even the most diligent and experienced accountants may eventually make a mistake or miscalculation, and lacking adequate insurance could incur significant financial consequences.
What Is Accountants Professional Liability Insurance?
In many cases, accountants professional liability insurance may not be a named product available from all insurance companies. Rather, qualified providers, such as L Squared Insurance Agency, may be able to help these professionals tailor a professional liability insurance policy to suit their unique needs and circumstances. Regardless of how such coverage is acquired, professional liability for accountants should be considered an essential loss control measure.
How Does Professional Liability Insurance Work?
Also known as errors and omissions insurance, professional liability insurance can establish a financial shield for policyholders if they make mistakes amid their professional services. For instance, if a client or customer accuses an accountant of making an error from which they accrue financial losses, they may file a lawsuit to help cover their own damages. In this case, professional liability insurance may help the accountant pay for various costs, such as legal representation, settlements and court-ordered judgments.
Although the exact details of these policies may vary, accountants professional liability insurance may include coverage for losses stemming from the following allegations:
- Professional errors
- Inaccurate advice
- Missed deadlines
- Breach of contract
How Much Does Accountants Professional Liability Insurance Cost?
When providing accountants with a professional liability insurance quote for adequate coverage, insurance companies must weigh several factors, such as the following:
- Annual revenue
- Employee training measures
- Number of clients
- Prior claims history
- Coverage limits
Get the Right Coverage
Contact the dedicated team at L Squared Insurance Agency today to begin assessing and addressing your professional liability coverage needs.