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Tax Preparer Insurance (E&O)

This claims made comprehensive insurance policy provides:

  • Protection against honest mistakes
  • Protection against errors or omissions in your work
  • Interest payments and penalties to federal, state and local governments
  • Legal defense costs (attorney’s fees, court costs) up to the policy limit
  • Coverage for both your full-time and part-time employees, even if they only work seasonally
  • Covers not only you but your clients also
  • For an additional premium, bookkeeping is covered

Tax Preparer’s E&O Insurance from E. R. Munro has NEW INCREASED LIMITS and EXPANDED COVERAGE OPTIONS that include Bookkeeping Service.

Bookkeeping coverage:

  • If it is 1% to 10% of your business multiply your premium by 1.15
  • If it is 11% to 25% of your business multiply your premium by 1.25
  • If it is 25% or more of your business multiply your premium by 1.35

Retroactive coverage:

This policy1 renews annually. You may order the policy in your company’s name to cover one or more employees. There is a $250 deductible per claim.

Available Policies & Rates
Call 877-ERMUNRO (376-8676) to speak with an insurance agent.

Number of EmployeesCOVERAGE LIMIT
$10,000 per claim
$20,000 per year		COVERAGE LIMIT
$25,000 per claim
$50,000 per year		COVERAGE LIMIT
$50,000 per claim
$100,000 per year		COVERAGE LIMIT
$100,000 per claim
$200,000 per year
1-3$182$363$556$737
4$226$451$686$909
5$270$539$817$1,086
6$314$627$947$1,260
7$358$715$1,078$1,608
8$402$803$1,209$1,608
Each
Additional		$44$88$131$174

Application
To obtain a policy you must complete the entire application. Fill out the form and return it to E. R. Munro and Company.

pdf Tax Preparer Liability Insurance Application (94.04 kB)

 

Footnotes

  1. Policies not issued in Alaska, California, Connecticut, Florida, Louisiana, Maine, Montana, New Hampshire, New York, Texas, Vermont or Virginia. Call for pricing in Hawaii.
  2. 10% discount for enrolled agents or members of Tax Preparer’s Association.
  3. 15% discount if you are both an enrolled agent and a member of a Tax Preparer’s Association.