Insurance for Tax Preparers

Get business insurance with optimized coverage to meet your exact needs

Prefer to speak with a CoverWallet consultant? Call (646) 844-9933 anytime.

Better, Regardless of Your Size

  • Get your tax preparers insurance even before you open

  • Relax while you tax, get insured today

  • Affordable tax preparers insurance with CoverWallet

  • Proactive service that protects your bottom line

Coverage Plans for All Your Needs


Essential coverages to meet client demands

General Liability (GL)

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  • Coverage against claims from bodily injury, property damage and personal injury
  • Coverage for products/completed operations


Protect your business against service errors

General Liability (GL) + Professional Liability (PL)

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All Basic plan benefits and:

  • Professional negligence
  • Retroactive claims (previous contracted work)
  • Subcontractor errors


When you also have equipment or work from an office

GL + PL + Commercial Property

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All Standard plan benefits and:

  • Natural disasters
  • Equipment breakdown
  • Revenue loss
  • Construction costs


When you have specific requirements

Including Commercial Auto, Workers Compensation, etc.

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We will take care of the switching hassle.

Call us at (646) 844-9933 for help and more information

We've Got You Covered with Coverage You Need

Everyone hates tax season, but as a tax preparer it is your big money-maker. So, it’s important to cover your business in all the work you do for clients in filing their annual taxes and the contract you enter. Someone can easily become unhappy with their tax return and you should be covered in case of the slightest oversight so legal fees and your business reputation are covered.

Act Now, Get Protected Easily, Quickly and Affordably

See how much you could be saving, with best in class insurance partners.

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Or call (646) 844-9933 anytime.

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Frequently Asked Questions

Who needs Professional Liability insurance for tax preparers?

Every tax preparer needs Professional Liability insurance because it is a complex task they cannot do it on their own. It is your responsibility to give them the most accurate result possible. Professional Liability insurance protects your business and physical assets from claims of wrongful acts committed while performing your duties. It is your safety net when a client claims that you have committed a mistake while doing taxes.

What liability risks do tax preparers face?

Even the most careful tax preparer can make an error or omission while preparing their client's taxes. There are also state tax laws that change constantly. Your clients rely on you to do your job accurately. Failing to do so will result in a lawsuit that will risk your finances and the future of your business. Without insurance, you'll have to pay your own defense and the cost associated with the judgment against you.

Do I need Workers Compensation as a tax preparer?

When you are an individual contractor, Workers' Compensation is not required. When you employ a team of tax preparers, this insurance for tax preparers is mandatory but only if you meet your state minimum number of employees. For more information about the state requirements for Workers' Compensation, please visit your state website.

What happens if I don't buy insurance as a tax preparer?

As a tax preparer you must provide work as accurate as possible. When you have made an error or omission on your client's taxes, they may sue. Without Errors & Omissions (E&O) insurance, a lawsuit can put a huge dent in your finances. Some are forced to sell all their business assets just to pay their clients. There is also the cost of the defense and whatever you lose in judgment. Insurance covers out-of-pocket expenses as long as it meets your current limits.

Peace of Mind, At Your Fingertips

CoverWallet utilizes state of the art technology to help small businesses understand and buy customized coverage, get significant savings and conveniently manage their insurance, in a matter of minutes, all through our online platform.

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I didn’t know what type of insurance I needed for my new business so I called CoverWallet and the agent provided me with everything in under an hour!

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There is nothing more that CoverWallet could have done to make the process any faster or easier. They made it as painless as possible.

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Anthony Williams, Contractor

I was extremely satisfied with all services and communications with customer support. I would definitely recommend to others. Thank you CoverWallet!

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You wanted better protection and cheaper pricing. So did we. We baked that dream into everything we've set out to accomplish in building our award winning platform.

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We've built all our fancy tech from scratch, which allows us to get you certificates on demand, free of charge, and for us to find you savings.

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