Professional Liability Insurance for AIPB Members
Errors & Omissions insurance is an essential element to protecting your Bookkeeping and/or Tax Practice. McGowanPRO provides AIPB members with a comprehensive Errors & Omissions program that is backed by an “A” rated carrier. Premiums are discounted for AIPB members, and the process is simplified to make it easy and cost-effective to protect your practice.
Why Do You Need Insurance
You don’t have to do anything wrong to be sued, yet you will still have to hire legal counsel and defend yourself. Errors & Omissions insurance provides peace of mind, by providing legal defense and payment of damages if you are accused of negligence in your professional services.
Premium cost is straight-forward, based on your revenue, and exclusive to AIPB Members.
| E&O Only | |||
| Revenue | $0 – $75,000 | $75,000 – $125,000 | $125,000 – $175,000 |
| Limit of Liability | |||
| $100,000/$300,000 | $300 | $400 | $500 |
| $250,000/$500,000 | $400 | $500 | $600 |
| $500,000/$1,000,000 | $500 | $600 | $700 |
| $1,000,000/$1,000,000 | $600 | $700 | $800 |
Premiums are indications only and are subject to a fully completed application and underwriter review. All rates are based on $1,000 deductible and Claims Expenses in addition to the limit of liability (CEOL). Some counties are subject to additional filed surcharge.
If your revenue exceeds $250,000, or your services exceed those on the application, we can simply place you with one of our standard CPA / Accounting firm programs.
1. Download and complete the Application
Hanover Small Firm Application
2. Submit the Application via Email
Email to: Courtney Foley
Service Center: 877-583-9039
3. Receive Invoice & Pay Premium
Upon review of the application, we will send you a formal invoice. If the premium differs from the estimated premiums posted, we will contact you. Once you pay the premium, you will receive a binder confirming coverage followed by the actual policy form.
Need a Business Service Bond or Employee Dishonesty?
Business Service Bonds and Employee Dishonesty Applications & Forms
Employee Dishonesty Insurance covers acts of dishonesty by employees, or owners, of the named insured of client property. A Business Services Bond is for a sole practitioner who is required to maintain a bond to protect theft of client property. Some clients may require proof of this coverage.