Errors and ommissions

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  • TAX4US
    Senior Member
    • Mar 2010
    • 551

    #1

    Errors and ommissions

    With all the problems this year I find I need a good E&O insurance. one that also covers prior acts. What are you guys using and their rates please?
  • Black Bart
    Senior Member
    • Jun 2005
    • 3357

    #2
    Here's a recent thread on it -- haven't noticed any since.

    http://forum.thetaxbook.com/showthre...Insurance&high...

    Comment

    • Koss
      Senior Member
      • Jul 2005
      • 2256

      #3
      E&O Insurance

      My firm is also looking at this...

      We got one quote from Marsh. Their website is www.proliability.com

      Another well-known company is Calsurance (no, you don't have to be in California)

      If you are a solo practitioner, or if you only have one or two people working for you part-time, then a basic policy is probably going to start around $500 per year, and go up from there, depending on how much coverage you want.

      Works a lot like car insurance. You get to choose a deductible

      Some carriers offer discounts to members of NATP, NAEA and other professional organizations

      BMK
      Burton M. Koss
      koss@usakoss.net

      ____________________________________
      The map is not the territory...
      and the instruction book is not the process.

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