Accountants Boost Earnings with Hidden Liability Insurance Hack
Cost-Benefit Analysis
While the cost of liability insurance can vary, it is generally a small price to pay compared to the financial security and potential revenue increase it offers. Premiums for professional liability insurance typically range from $500 to $1,000 annually, depending on the size of the firm and the level of risk involved3. This investment can be recouped many times over when accountants are able to take on more profitable work without the fear of financially crippling lawsuits.