Accountant Insurance in Tennessee

Common risks for accountants and bookkeepers

• Errors on tax returns or financial statements
• Missed filing deadlines
• Data breaches of client information
• Wire fraud or phishing
• Office injuries

Coverages accountants and bookkeepers often consider

• Professional liability (E&O) Covers claims that your advice, design, or professional service caused a client a financial loss.
• Cyber liability Helps respond to data breaches, ransomware, and payment fraud, including notifying customers.
• Business owner’s policy (BOP) Bundles general liability with coverage for your business property, and often business income, for many smaller businesses.
• Crime and employee dishonesty Covers theft of money or property by employees, and in some forms, fraud by outsiders.

Not every business needs every coverage. The right mix depends on your work, your contracts, and your budget. All coverage is subject to underwriting and the terms of the policy.

What a claim could look like

For example, imagine a client says your bookkeeping mistake led to IRS penalties and interest. They ask you to pay. A claim like that may go to professional liability, depending on the facts and policy terms.

This is a hypothetical example for education only. Whether any claim is covered depends on the facts and your policy terms.

Tennessee rules to know

Workers’ comp. Most Tennessee employers outside construction and coal mining must carry workers’ compensation once they have five or more employees, full- or part-time, per the Tennessee Department of Labor and Workforce Development. Even below that number, many owners choose to carry it.

We can review your requirements and help you shop workers’ compensation and the other coverages above with carriers that write accountants and bookkeepers, subject to underwriting.

Certificates of insurance

Clients and landlords may ask for certificates.

A certificate of insurance shows your coverage on the day it’s issued. If a contract asks for additional insured status or a waiver of subrogation, the policy usually needs an endorsement, not just a line on the certificate. Our certificate of insurance checklist walks through what to check.

What affects the cost

• The type of work you do and how it’s classified
• Annual revenue and payroll
• Number of employees and any subcontractors
• Where you work and the value of your equipment or property
• The limits and deductibles you choose
• Your claims history and years in business

We can’t promise a price ahead of time, but we can compare options and explain the trade-offs in plain English.

How Eric can help accountants and bookkeepers

Professionals working from offices in downtown Nashville, Cool Springs, Mt. Juliet, and Murfreesboro, or from home, often need proof of coverage for client contracts. As an independent agent affiliated with Hutsenpiller Insurance, Eric can review what you have, read your contract requirements with you, and help you shop options with more than one carrier. See how an independent agent works for you.

Related guides

• Professional Services Insurance in Tennessee
• All business types we can help
• Business insurance in Middle Tennessee
• General liability insurance
• Business owner’s policy (BOP) 101
• Business interruption insurance
• General liability vs. professional liability
• Small business insurance checklist (PDF)
• Certificate of insurance checklist (PDF)