Accounting & Bookkeeping Insurance Coverage Checklist
The coverages an accounting & bookkeeping business may carry — core, prevalent, and situational — why each matters, and the gap most often missed.
Pull out your current policy and check the box next to any coverage you can confirm is already in place — anything unchecked is worth a quick conversation with your advisor. Coverage checklist for CPA firms. Priorities reflect typical exposure; confirm against attest, tax, and advisory work.
Tick each coverage you can confirm you carry — anything left unticked is a good question for your next policy review.
| Have it? | Coverage | Why this business needs it | Priority |
|---|---|---|---|
| Accountants Professional Liability | Covers tax, attest, and advisory errors — confirm limits fit attest clients. | Core | |
| Cyber Liability | Covers breaches of client data, notification costs, and regulatory response. | Core | |
| Crime / Social Engineering | Covers funds lost to fraud, fake instructions, or employee theft. | Prevalent | |
| Employment Practices Liability | Covers staff claims, including seasonal hires. | Prevalent | |
| Business Owners Policy / GL | Covers office premises and property. | Prevalent |
The coverage gap most often missed
The most commonly missed exposure for this class is the firm's own data-security duty. CPA firms are financial institutions under federal privacy law and, since May 2024, must report breaches affecting 500 or more consumers to the FTC within 30 days — while wire fraud through compromised CPA email is a leading loss. Firms should keep a written security program, use client portals, require MFA, and carry cyber alongside E&O.
Send us the checklist and we'll review your accounting & bookkeeping coverage line by line, then market it across multiple carriers that compete for your account.
Related: Accounting & Bookkeeping Insurance · Accounting & Bookkeeping Supplemental (apply) · All coverage checklists
Frequently asked questions
What insurance does an accounting & bookkeeping business need?
The core coverages for an accounting & bookkeeping business are Accountants Professional Liability, Cyber Liability. This checklist also lists the prevalent and situational coverages worth considering, with a plain-English note on why each matters.
Is this checklist insurance advice?
No. It is a free educational tool to help you have a more informed conversation with a licensed professional. It affords no coverage and is not insurance, legal, or financial advice — only your actual policy language governs what is and isn't covered.
Can Cory Washington & Co. review my accounting & bookkeeping coverage?
Yes. Share your checklist and we'll review your program line by line, market your account across multiple carriers, and explain the trade-offs in plain English. Cory Washington & Co. LLC is licensed in all 50 states.
This checklist is a free educational tool from Cory Washington & Co. to help you review your own coverage and have a more informed conversation with a licensed insurance professional. It is general information only — not insurance, legal, or financial advice, and not a recommendation to buy, change, or cancel any policy. Coverage terms, availability, limits, and requirements vary by policy, carrier, and state, and only the language in your actual policy governs what is and isn’t covered. Checking or leaving blank any item above does not indicate that you are adequately insured or under-insured. Using this checklist does not create a client, agency, or fiduciary relationship. Always consult a licensed professional about your specific situation.