Accountants capitalize on free professional liability E&O quotes

Real-World Examples and Statistics

According to the Insurance Information Institute, professional liability insurance is a vital component of risk management for service providers, including accountants¹. The cost of E&O insurance can vary widely, with premiums typically ranging from $500 to $1,000 annually for small practices. Larger firms or those with higher risk profiles may see premiums increase accordingly.

In a survey conducted by the Professional Liability Underwriting Society, nearly 30% of respondents reported having faced a professional liability claim in the past five years². This statistic underscores the importance of having adequate coverage to mitigate potential financial losses.