How much does accountant and CPA insurance cost?

The cost of professional liability insurance for accountants and CPAs is less than $45 per month, or $500 annually. Also known as errors and omissions (E&O) or malpractice insurance, this policy covers legal costs if an accounting or auditing business is sued for substandard work.

Median cost per year: $500
Policy limits: $1 million per occurrence
Policy deductible: $1,000 

Learn how to save money on your policy, which coverage limits to choose, and more on Insureon's professional liability insurance cost analysis page.

Accountants and CPAs pay a median premium of less than $30 per month, or $350 per year, for general liability insurance. This policy provides protection against third-party injuries, third-party property damage, and advertising injuries.

Median cost per year: $350
Policy limit: $1 million per occurrence
Policy deductible: $500

Learn how to save money on your policy, which coverage limits to choose, and more on Insureon's general liability insurance cost analysis page.

With a median premium of less than $90 per month, or $1,060 per year, cyber liability insurance is crucial for accounting professionals who handle sensitive information. This policy helps cover legal fees related to a data breach or cyberattack.

Median cost per year: $1,060
Median limit: $1 million

Learn how to save money on your policy, which coverage limits to choose, and more on Insureon's cyber liability insurance cost analysis page.

The median cost of accountant workers’ comp insurance is less than $35 per month, or $395 annually. This policy is required in almost every state for businesses with employees. It can help cover medical fees and lost wages for work-related injuries and illnesses.

Learn how workers' comp premiums are calculated and more on Insureon's workers' compensation insurance cost analysis page.

The median premium for a fidelity bond is $88 per month for small businesses, or $1,055 annually. The cost primarily depends on the size of the bond.

Fidelity bonds provide reimbursement if one of your employees commits fraud, theft, or forgery against a client or your business, including illegal electronic funds transfer. They are often required by client contracts.

Learn how fidelity bond costs are calculated on Insureon's fidelity bond cost analysis page.