TCDS Insurance Agency

Alabama Accountant Insurance

Accounting firms face professional liability risks from tax errors, audit mistakes, and financial advice claims. We insure Alabama CPAs and bookkeepers with BOP plus professional liability coverage.

Call (205) 847-5616
Quick Answer

What insurance does an Alabama accounting firm need?

Alabama accounting firms need a BOP for general liability and property, professional liability (E&O) for errors in tax preparation, audits, and financial advice, cyber liability for client data protection, and workers' comp for employees. Most accounting firms under $5M revenue qualify for standard BOP programs.

Who Is This For?

CPA firms and practices
Bookkeeping services
Tax preparation businesses
Payroll service providers
Forensic accounting firms
Financial consulting practices

Coverage Options

Tailored protection for your business. We shop 50+ carriers to find the best combination of coverage and price.

General Liability

Covers visitor injuries and property damage at your office.

$400–$1,200/yr

Professional Liability (E&O)

Covers tax errors, audit mistakes, and financial advice claims.

$1,500–$5,000/yr

Cyber Liability

Essential for firms handling client financial data and tax returns.

$500–$2,500/yr

Commercial Property

Protects office equipment, computers, and furniture.

Included in BOP

Workers' Compensation

Required for 5+ employees in Alabama.

Varies

Business Income

Replaces lost revenue during covered closures.

Included in BOP

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Am I a Fit? Quick Eligibility Check

Review these guidelines to see if your business qualifies for our preferred programs.

CPA firms, bookkeepers, and tax preparers
Under $5M revenue with standard accounting operations
Payroll services and financial consulting
Firms handling SEC-regulated audits may need higher limits
Investment advisory and broker-dealer operations need specialty markets

Frequently Asked Questions

How much does accountant insurance cost in Alabama?
Most Alabama accounting firms pay $1,500 to $4,000 per year for a BOP plus professional liability, depending on firm size, revenue, and services offered.
Is professional liability required for accountants?
While not legally required, professional liability is essential. A single tax error or audit mistake claim can cost $50,000 or more in legal defense and damages.
Does my insurance cover IRS audit defense?
Professional liability covers claims arising from your audit work, but not the cost of defending your client in an IRS audit. Some policies offer audit defense endorsements.
Do I need cyber insurance as an accountant?
Absolutely. Accounting firms handle sensitive financial data, tax returns, and Social Security numbers. A data breach can be devastating. Cyber insurance is essential.

Ready to Protect Your Business?

Get your free, no-obligation quote in minutes. We shop 50+ carriers to find the best coverage and price for your business.

(205) 847-5616