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Professional Liability Insurance for Tax Preparers

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    Professional Liability Insurance for Tax Preparers

    My insurance company added coverage for cyber theft but is limited to 5% of Limit of Liability coverage so greatly reduces actual coverage. How are other tax preparers handling cyber insurance coverage? The only way I can raise my cyber coverage with existing policy is to increase my overall limit of liability coverage. I don't know if it would be more cost effective to obtain a separate policy for just cyber coverage.

    #2
    I wonder if an umbrella policy would extend to due diligence violations. How do you protect yourself against someone who is intent on misrepresenting their situation to you?
    "Dude, you are correct" Rapid Robert

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