Bookkeepers' Secret to Affordable Liability Coverage Unveiled
Real-World Data and Statistics
According to the Insurance Information Institute, the average cost of professional liability insurance for small businesses ranges from $500 to $1,000 annually1. However, this cost can vary significantly based on factors such as the size of your business, the number of clients you serve, and your claims history. By actively searching options and comparing different plans, you can find coverage that aligns with your financial goals.
Moreover, a study by Hiscox Insurance revealed that 61% of small business owners believe that their insurance premiums are fairly priced2. This statistic highlights the importance of perceived value in insurance coverage, emphasizing the need for bookkeepers to feel confident that their investment in liability insurance is worthwhile.