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Professional liability Insurance
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Accountants Professional Liability-Errors or Omissions Insurance

As an accountant, your clients trust you with their financial information and rely on your expertise to make important business decisions. However, even the most diligent accountant can make a mistake. That’s why it’s important to have professional liability insurance, also known as errors and omissions insurance, to protect yourself and your business from potential lawsuits.

What is Professional Liability Insurance for Accountants?

Professional liability insurance for accountants covers financial losses resulting from errors or omissions in your professional services. This can include mistakes in tax preparation, financial statement analysis, or financial planning. It can also cover the cost of defending against a lawsuit, even if the allegations turn out to be false.

Benefits of Professional Liability Insurance for Accountants

Financial protection

If a client sues you for a mistake made in your professional services, your insurance policy can cover the cost of defending against the lawsuit, as well as any settlement or judgment.

Peace of mind

Knowing that you have the protection of professional liability insurance can give you peace of mind and allow you to focus on providing your clients with the best possible service.


Many professional associations and regulatory bodies require accountants to carry professional liability insurance.

Choosing the Right Policy

When choosing a professional liability insurance policy, it’s important to work with an insurance agent who understands the unique needs of accountants. They can help you find a policy that meets your specific needs and budget.

In addition, it’s a good idea to review your policy regularly to make sure it still meets your needs. As your business grows, your insurance needs may change.

Contact Us for More Information

For more information on professional liability insurance for accountants, contact us today. We can help you find the right policy to protect your business and give you peace of mind.

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Welcome to Toronto Insurance Solutions, your reliable source for insurance information in the Greater Toronto Area. As a local insurance broker based in Markham, Ontario, I am dedicated to providing my clients with comprehensive coverage options for all their insurance needs, serving towns and cities across the province.


Accountants, Bookkeepers and Auditors work across a wide range of businesses

Accountants – Errors & Omissions



Chartered Accountants, CMA’s and CGA’s


First dollar defense, deductible does not apply to defense costs for E&O

– Min Premiums – E&O $850 and CGL $450

– E&O coverage is Costs in Addition basis and includes :
Trust Fund Management $25,000 Sublimit

Civil Penalty Coverage $100,000 per claim

Directors & Officers Liability – Outside Non Profit included

Automatic 60 day extended E&O reporting period

Disciplinary Proceedings Reimbursement – $15,000 Sublimit

Loss of Documents – $25,000 Sublimit

Libel, Slander or Defamation – $50,000 Sublimit

Privacy Failure Expense – $25,000 Sublimit

Occupational Health & Safety – $15,000 Sub Limit

– Errors and Omissions – up to $5,000,000 limit

– Commercial General Liability up to $5,000,000 limit

– Office Property Package


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