Accounting Insurance

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Find out how Accountant Professional Liability can help you manage risk.

Regardless of whether you operate a prominent accounting firm or provide accounting services from your home, it is crucial to have accounting professional liability insurance.

Click on one of the below topics to unpack your Business Insurance:

Professional Liability ←

Professional Liability Insurance, also called errors and omissions (E&O) insurance or malpractice insurance, protects individuals from accusations of misconduct, negligence, or failure to meet advertised service standards if a customer alleges that your advice or service was incorrect and they experience financial loss or damage.

As a result, they have the potential to take legal action against you. The purpose of professional liability insurance is to provide coverage for your legal expenses and any financial judgments that the court may impose.

Commercial Liability ←

Commercial General Liability (CGL) Insurance, commonly known as “slip-and-fall insurance,” provides essential coverage to safeguard your business against everyday risks.

CGL offers protection in the event of third-party bodily injury or property damage that occurs at your business premises. If an accident occurs while someone is visiting your office and it is determined that your negligence played a role, you could have to pay a substantial settlement amount.

Cyber Insurance ←

This coverage is essential if your business stores sensitive client information, bank records, or other vital information on its computer systems. As a business owner, being realistic about cybercrime risks is essential.

One beneficial aspect of a Cyber policy is the inclusion of Crisis Management expenses, which often encompass the necessary Public Relations Management that is often associated with a Cyber Breach.

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Crime Insurance ←

Crime insurance is a necessary evil for businesses of all sizes. Protect your business from criminal damage and loss with Crime Insurance. If you’re the victim of an employee robbery or theft, this coverage can cover your lost money, securities and other property.

If you’re not sure whether you need crime insurance or if you’re not sure how it would benefit your business, it’s best to speak with an insurance advisor. An advisor can help you understand the risks and benefits of crime insurance and provide you with a tailored plan for your business.

Business Interruption ←

Protect your business from unexpected disruptions with Business Interruption insurance. While property insurance covers physical assets, this policy ensures you don’t lose crucial income when your business is closed due to an insured event. This coverage can replace the revenue you need to protect your business’s future.

Simply put, this coverage is designed to pay necessary expenses to help maintain profit.

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Personal Health Plan ←

Get a customizable health insurance plan that helps replace or fill the gaps in your provincial or workplace benefits, whether you’re looking for individual or family health insurance that best meets your needs. A Basic Plan Includes:

  • Accidental Dental
  • Drug Prescriptions
  • Health Practitioners

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Why Do I Need Consultant Insurance?

When you advise businesses daily, unintentional incidents can occur. A professional error in a piece of work, an accident while visiting a client’s premises that causes injury, or the theft of clients’ personal digital information could have a serious financial impact on your business.

According to a survey from the Insurance Bureau of Canada (IBC), almost half (47 percent) of Canadian small businesses do not allocate any portion of their annual operating budget to cybersecurity. The same study found that 41 percent of small businesses that suffered a cyber attack reported that it cost them at least $100,000.

Accountant Calculating

Financial services encompass a wide range of sectors.

These sectors can include real estate, consumer finance, and banking services. For instance, individuals working in the real estate industry, like mortgage brokers, assist customers in finding suitable home loans tailored to their specific needs, considering factors like maturity periods and interest rates. If you are engaged in providing these services, it is advisable to consider acquiring a professional liability policy to safeguard your business reputation.

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Safeguard your real estate investment with Realty Insurance.

Realty Insurance allows you to concentrate on expanding your business while we safeguard your assets from fire, theft, vandalism, and other risks. Our insurance coverage extends to either residential or commercial buildings, protecting the various challenges of owning, maintaining, or managing real estate. Leave the rest to us and focus on the growth of your business.

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By obtaining a quote today, safeguard your accounting firm against expensive lawsuits and liability claims.

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