Accountants Boost Earnings with Hidden Liability Insurance Hack
Understanding Liability Insurance
Liability insurance is designed to protect professionals, including accountants, from claims resulting from errors, omissions, or negligence in their work. This type of insurance covers legal defense costs and any settlements or judgments, which can be substantial. By having comprehensive liability coverage, accountants can confidently take on more complex and lucrative clients, knowing they are protected from potential lawsuits1.