Accountants & Bookkeepers Any Accounting professional whether they are a Bookkeeper, CA, CMA, or CGA in practice, regardless of the service they perform, can never fully escape the possibility that their work may fail to meet their clients' expectations and in today's litigious environment, all it takes is one dissatisfied client to place a professional's career and personal assets at risk. At Holman Insurance Brokers Ltd., we offer competitive pricing for Errors and Omissions Insurance for Accountants. Limits requested are usually $1,000,000 or $2,000,000 but much higher limits are available. Professional Liability (frequently called Errors or Omissions, and E&O) - protects your accounting practice from claims of financial loss resulting from errors, performance failure or the failure of your work to perform as agreed upon in your agreement with your client. Why not just General Liability? General Liability coverage protects your business against claims of bodily injury or property damage to others (your client, for example). Commercial General Liability does not provide coverage for accounting services, contract performance disputes or any other Professional Liability issues. Accountants, consultants and firms who have General Liability without Professional Liability (Errors or Omissions) coverage are taking a serious risk. Premiums are based on type of work undertaken, loss history (if any), experience and billings including any specialty/niche areas where you do consulting and work. Having professional liability shows the client that you have the business experience and professionalism needed to secure coverage!