Bookkeeping insurance is necessary if you own or lease your office, your office contains valuable equipment or other assets, and your clients visit your office in person. Your basic needs are met with these types of coverage:
Why Do You Need Bookkeeper Business Insurance?
What happens if your facility is damaged by a fire? Your office equipment is stolen or lost? You are sued for misrepresentation in advertising? A client is injured in your office? Your client’s property or information is lost or damaged while in your possession?
While bookkeeper insurance has a monetary cost, have you considered the cost of not purchasing bookkeeping business insurance? Fire, theft, lawsuits and other events may cause your business to close its doors temporarily or even permanently—unless the business is properly covered. Don’t risk your livelihood to save a few cents. Let B2Z Insurance provide peace of mind so you continue keeping the books—and your bookkeeping business.
What Kind of Insurance Coverage Do You Need?
Business Owner’s Policy (BOP).
A combination of commercial property and general liability insurance plus additional coverages, the BOP covers a range of contingencies. It covers property damage to your building and its contents, equipment loss due to theft, damage to a client’s property caused by you or your employees, lost income due to a covered event, bodily injury to clients while in your office and lawsuits arising from advertising claims.
Workers’ Compensation Insurance.
Required in almost every state, workers’ comp protects employees and employers in the event of illness or injury on the job. It helps pay the injured employee’s medical bills, covers lost wages and eliminates the business owner’s liability if the injured worker files a lawsuit. Steep penalties and fines are levied on businesses that willfully fail to obtain the required workers’ comp coverage.
Additional business insurance for bookkeepers is available. Among the most important is professional liability or “errors and omissions” insurance, which helps pay for damages and legal fees in the event a client sues for financial losses. You should also consider purchasing cyber insurance to protect you in the event a data breach or equipment theft exposes sensitive client data.