An office fire could cost your business repairs and lost income. Whether you do business from home or rent an office space, your property insurance can reimburse you for the losses caused by fire, vandalism, theft, and other covered events. It covers the items your firm owns, such as computers, furniture, calculators, supplies, and other things you use in the office.
When a client gets injured while visiting your office, you’re liable for the cost of treatment, as well as the pain and suffering your client endures. That’s where general liability insurance comes in. This type of business insurance protects you from the costs of having to face a third-party injury lawsuit. Many of these policies cover the immediate medical costs of the client. Thus, your policy will cover both ambulance and medical care, potentially preventing a lawsuit.
Bad investment advice and inaccurate tax returns are just some of the mistakes you may make that can lead to a lawsuit. Your firm could be sued for errors and losses your clients suffer. Accounting malpractice lawsuits result from bookkeeping errors and miscommunications of expectations for your work. Errors and omissions insurance, otherwise known as professional liability insurance, protects you from these kinds of lawsuits.
Repetitive Motion Injury
Injuries to your employees that result from repetitive motion due to frequent hammering at the keyboard or sitting at the desk can lead to expensive medical bills and lawsuits. Workers’ compensation insurance will protect you from such risks.
When your computer gets hacked, information is being leaked online. Thus, your business is liable for the loss of confidential and sensitive information. Even if you’ve installed a firewall and secure software, one careless mistake can accidentally leak information. Cyber liability insurance will cover the cost of data breaches, thereby helping you pay for crisis management, credit monitoring of affected clients, as well as IT repairs.
To know more about the business insurance that can protect your accounting firm, you can contact us here at Western Pacific Insurance. We offer business insurance products that will protect you from the risks unique to your business. Get a free quote from us today and don’t hesitate to talk to us. Call us at (702) 932-3105 or visit us today.