To safeguard your bookkeeping business, consider the following essential coverages:
- Professional Liability (E & O) — Protects against claims for errors, omissions, or oversights in your financial recordkeeping.
- General Liability — Covers incidents like a client injury at your desk or damage to client property during a site visit.
- Cyber Liability Insurance — Critical for defending against data breaches, ransomware, and privacy violations involving client records.
- Business Owner’s Policy (BOP) — Bundles liability and property coverage, typically including income protection during business interruptions.
- Workers’ Compensation Insurance — Required if you employ staff; protects against workplace injuries.
Together, these policies form a robust safety net, letting you focus on crunching numbers—not covering risks.
