Most Georgia accounting and financial services firms need a combination of: Errors & Omissions (E&O / Professional Liability) as the foundation, Cyber Liability given the volume of sensitive financial data handled, and either a Business Owner’s Policy (which bundles General Liability and Commercial Property) or separate GL and Commercial Property policies. Commercial leases in Georgia typically require GL as a condition of occupancy. If you have employees, Workers’ Compensation is required by Georgia law. Hired & Non-Owned Auto covers staff driving to client offices, and a Commercial Umbrella adds excess liability above your GL for larger engagements with corporate or public-sector clients.

No - this is the most common coverage gap accounting firms overlook. General Liability covers third-party bodily injury, property damage, and personal/advertising injury arising from your business operations. It explicitly excludes financial loss caused by professional errors, omissions, or advice. That exposure belongs to Errors & Omissions (Professional Liability) insurance. Most client contracts and professional engagements require both.

E&O policies are written on a claims-made basis - coverage applies when a claim is reported during the active policy period, but only for work performed after the retroactive date. The retroactive date is effectively how far back your policy reaches to cover past work. If you're buying E&O for the first time, we'll try to set the retroactive date as early as possible to cover your full professional history. If you're switching carriers, the retroactive date must never move forward - doing so creates a gap that leaves all work done between the old and new dates unprotected.

Accounting and tax firms store some of the most valuable personal and financial data that exists: Social Security numbers, bank account details, prior-year tax returns, payroll records, and financial statements. This makes them attractive targets for ransomware, phishing, and data theft. Cyber Liability insurance covers breach response costs, regulatory fines, ransomware, business interruption, and third-party claims from clients whose data was exposed.

Most small to mid-size accounting firms qualify for a BOP, which bundles General Liability and Commercial Property at a discounted rate compared to buying them separately. Accounting offices are generally classified as low-hazard businesses by insurers, making them good BOP candidates. The BOP also includes Business Income coverage for revenue lost while the office is closed after a covered property loss.

Yes - Georgia requires Workers’ Compensation for any business with one or more employees, including part-time staff. Non-compliance can result in fines and other penalties. Even a Georgia accounting office carries real workers’ comp exposure: slip-and-fall injuries, ergonomic claims, and incidents when staff commute or drive to client sites. The Georgia DOL actively audits employers.

Yes, commonly. Commercial leases in Georgia typically require $1,000,000/$2,000,000 General Liability limits with the landlord named as Additional Insured. Corporate client contracts often specify E&O limits of $1M or $2M, and some larger engagements require $5M. We review your lease and client contract insurance exhibits before binding so the policy is structured to comply.

Because E&O is written on a claims-made basis, coverage ends when the policy is cancelled - meaning claims reported after cancellation are not covered. When retiring or closing a firm, purchase an Extended Reporting Period (tail coverage) endorsement, which extends the window during which claims can be reported for a defined period.