Is professional liability insurance required for accountants?

Yes! Many states, firms, and clients require it: 

  • Widely accepted as essential for licensed professionals such as CPAs and tax preparers. 
  • Frequently required by clients or corporate contracts, especially in regulated industries. 
  • Provides legal defense coverage even if you’re not found negligent. 

Professional Liability is more than protection—it’s a business requirement in modern financial services 

By Heather

Heather focuses on small business insurance at Gild Insurance Agency, writing clear, practical guidance that helps business owners understand coverage, manage risk, and protect their businesses.