What is CPA Insurance?
Accountants are entrusted by their clients with significant responsibilities, and there are certain risks that accompany those responsibilities. Should a misread number or incorrect calculation financially cost a client, a CPA firm may be held liable for damages. CPA Insurance policies help certified public accountants working in Massachusetts shield themselves from a variety of covered risks like these.
CPA insurance policies are specialized commercial policies that uniquely meet the risk mitigation needs of certified public accountants and their firms. So that policies can protect CPAs from multiple risks, the policies are normally written as packages that come with multiple individual coverages.
Who in Massachusetts is Accounting Insurance Right For?
In general, most professionals who work as certified public accountants in Massachusetts ought to carry an accounting policy. This normally includes both solo accountants and firms of all sizes regardless of any specialization. Not having insurance can be costly if something happens, and this tends to be a sensible way to protect these firms.