CPA Liability Insurance NJ
CPA Liability Insurance: Certified Public Accountants, or CPAs for short, need a solid plan of attack under their belts. That’s because this profession is particularly vulnerable to allegations of malpractice, negligent misrepresentation, securities fraud, breach of fiduciary duty, and faulty business valuation. Due to the nature of the business they engage in, accountants and their firms are at a higher risk of scrutiny – primarily because they deal with large sums of money for their clients and give advice in money management and IRS tax reporting. Any lawsuits that you’re hit with could devastate your reputation and put you into financial ruin.
The Kerr Agency gives you peace of mind with our comprehensive CPA insurance, with plans that are designed to meet your unique needs that extend beyond the traditional and into the diverse. We can customize your coverage through optional coverage forms, limits and deductibles, whether you’re a small or large business. Bottom line is, liability claims don’t always result from negligence on your part but from unrealistic client expectations. We have the experience working with CPAs, general accounting firms, tax professionals and financial planners to properly protect you. As part of our comprehensive CPA liability insurance in NJ, we can sit down with you and go over the many coverage options available to you. You can’t beat our risk management resources!
It’s important to keep in mind that even if you are a successful, established CPA, you need this type of insurance to guard against huge financial losses that can cripple your company financially and destroy your reputation as a reliable business in the local community. Including CPA liability insurance NJ as part of your total professional liability insurance package guarantees payment (defense costs or punitive awards) for damages that result from error or negligence on your part.
It’s particularly valuable for small firms to have this insurance because they often cannot survive the financial blow that can come about as part of a legal defense and lawsuit. Can’t spare the $10,000 and more it will take to settle with a client or defend yourself against a claim? What about the high fees to hire a lawyer? If the answer is no, then CPA liability insurance in NJ from The Kerr Agency is a must.
Professional liability insurance, also known as errors and omissions (E&O) insurance, offers similar coverage for many professions, from accountants and consultants to brokers and lawyers. But despite the name, the main goal is the same. Just think of it this way: you’ve come too far in your profession to risk your business and professional reputation.
Call The Kerr Agency now or check out our website to request a quote. It’s important that you get the proper protection you need from liability lawsuits claiming you operated in negligence or made an error or omission while performing services. The Kerr Agency is your source for CPA liability insurance in NJ, so call today at 732-383-5865.