Accountant / CPA

The pricing variables for this profession.

Practice complexity and tax-preparation volume. Individual-only CPAs pay lower premiums ($600-$1,200/yr). Multi-client tax-preparation practices pay $1,500-$3,000/yr. Forensic accountants, fraud investigation, and complex M&A advisory pay premium ($3,000-$10,000+/yr). Audit work commands the highest premiums.

Which insurers fit this profession.

What the policy needs to include.

$1M minimum typical; many CPA boards require state-licence-tied coverage. Defence-outside-the-limit critical. Prior acts coverage essential — IRS audits trigger claims years after the engagement. Tail coverage at retirement non-negotiable.

What this profession actually gets sued for.

Tax-preparation errors (most common — IRS imposes penalties, client claims accountant negligence), audit failures, financial statement errors, fiduciary duty breaches in advisory engagements. Most CPA claims involve IRS or state-tax-authority adverse adjustments.