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Errors and Omissions (E&O) Insurance for Accountants

CB Malaga Insurance Services LLC provides errors and omissions (E&O) insurance, also known as professional liability insurance, to accountants, CPAs, auditors, tax preparers, bookkeepers, and enrolled agents in select states.

Our goal is to provide you with exceptional service by placing your E&O coverage with a highly rated insurance company and by lowering your costs.

We have access to multiple insurance companies that offer E&O coverage for accounting professionals. We continually research insurance companies to find those that offer the best accounting E&O coverage at the lowest rates.

Whether you already have E&O coverage and wish to lower your costs, or are looking for your first E&O policy, we will provide you with a list of quotes from 'A' rated insurance companies.

To obtain E&O insurance quotes, please first verify that your state is on the list of states we serve (see below). Complete an application and send it back to us. If you already have a recently completed application from a different broker or insurance company, we will gladly accept it.

Call us at 1-877-245-5887 if you have any questions or wish to discuss your E&O insurance needs. We're looking forward to earning your business.

We provide E&O insurance in the following states
Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Louisiana, Maine, Maryland, Michigan, Minnesota, Missouri, Nebraska, Nevada, New Jersey, New York, North Carolina, North Dakota, Ohio, Oregon, Pennsylvania, Tennessee, Texas, Utah, Vermont, Washington, Wisconsin, Wyoming.

Why do Accountants need E&O Insurance?

Accountants are an easy target for lawsuits in the face of an ever increasing set of complex rules and regulations. Accountants face significant exposure to E&O and malpractice claims, including the following:

    Accounting errors
    Data entry errors
    Failure to follow Generally Accepted Accounting Principles
    Failure to follow Generally Accepted Auditing Standards
    Improper or incorrect tax advice
    Failure to complete appropriate forms
    Failure to perform appropriate peer review
    Failure to detect fraud
    Failure to meet deadline
    Failure to maintain appropriate documentation
    Failure to perform background search
    Failure to maintain appropriate safeguards

What Coverage does an E&O Insurance Policy provide Accountants?

E&O insurance provides coverage for claims made against accountants by reason of a negligent act, error or omission in the performance of professional accounting services.

E&O policies for accountants are typically issued on a claims made basis. This type of policy provides coverage for claims reported during the policy period which are the result of on an act, error, or omission incurred on or after the retroactive date. The retroactive date in effect determines the beginning of coverage.

What Policy Limits and Deductibles are Available to Accountants?

Accountants can choose E&O insurance policy limits starting at $100,000/$300,000 (per claim/annual aggregate) up to policy limits of $10 million/$10 million. The most common policy limits for E&O insurance are $1 million/$1 million. Deductibles starting at $1,000 are available to accountants.