Accounting professionals and other financial specialists work with a lot of sensitive, personal financial information, which can expose your small business to heightened levels of risk. And that’s in addition to the other risks small businesses face, like property damage to your office or loss of important data. Learn about the insurance coverage professional accounting and financial services firms like yours typically need and most often purchase from The Hartford.
Business Owner’s Policy
Most accounting professionals and financial specialists have a Business Owner’s Policy (BOP). Why? Because it helps protect accounting and financial services businesses in much the same way a homeowner’s insurance policy helps protect your home and personal possessions.
By combining three basic coverages that are important to most small businesses including, accounting and financial services firms, a BOP can help accountants and financial professionals save money while safeguarding the business they worked hard to build.
General Liability – helps protect businesses like accounting professionals and financial specialist firms, from certain lawsuits alleging injuries or property damage that occurred as the result of your business operations – like if a client is injured at your accounting office or an employee of your financial services firm causes damage to a customer’s property during a consultation at their home. It even helps cover certain claims of slander and libel against your firm. Business Liability does not cover liabilities directly arising out of the accounting or financial professional services you may provide.
Commercial Property – helps protect the premises of your accounting or financial services business and the things you use to conduct business, like tools and equipment – computers, calculators, desks, and other office furniture – whether you own or lease them.
Business Income – helps covers the loss of income when you can’t run your accounting or financial services business because of covered property damage.