Bookkeeper Insurance

A bookkeeping business is a service to small businesses that have neither the time,

desire, nor expertise to keep sufficient records for their business. Financial transactions

that bookkeepers handle include processing invoices, producing financial reports

and statements, balancing bank accounts, and keeping track of expenses, to name

a few. If you are running a bookkeeping business, then you should consider bookkeeper

insurance to minimize your financial risks.



Types of Insurance for Bookkeepers




  • General Liability Bookkeeper Insurance– General liability insurance protects abookkeeper’s assets if sued — whether it is the bookkeeper’s fault or not — becauseof property damage or personal injury. For example, if one of your bookeeping clientsclaims that you or one of your staff caused damage to their property or caused them

    injury, you could face a hefty lawsuit or settlement expense. While you may believe

    that you are at a low risk for a general liability claim as a bookkeeper, don’t

    be bewildered that a client requires you to have it. There’s also a real possibility

    of human error when recording client’s financial information or making journal entries,

    whether manually or digitally.



  • Professional Liability Bookkeeper Insurance– This type of insurance is also knownas Errors & Omissions (or E&O). Because bookkeepers are at risk if they make anerror or omission with regard to a client’s finances, it’s important that a professionalbookkeeper be protected with professional liability insurance for bookkeepers



  • Workers’ Compensation Bookkeeper’s Insurance– Worker’s comp insurance can providethe bookkeeper’s employees with lost wages and reimbursement for medical expensecost as a result of injury or illness on the job. Workers’ compensation specificsvary by state, but are typically state-mandated.



  • Business Auto Bookkeepers Insurance– If you or your employees drive to meet withclients on their premises, then you are obviously at risk for a vehicle accidentor damage. If so, it’s vital that you obtain auto insurance for bookkeepers, whichnot only provides protection for vehicle damage or liability from a car accident,

    but damage from other covered perils, such as hail and windstorm.



  • Property Insurance for Bookkeepers – Even though we are in the digital age, bookkeeperslikely have a large amount of paper documents stored in their office. And alongwith increased storage of papers, comes increased risk of fire. To protect yourbookkeeper’s property from covered perils, such as fire, make sure you are adequately

    covered with property insurance for bookkeepers.



  • Crime Insurance for Bookkeepers– Embezzlement and forgery are just two of the crimesthat can occur in the bookkeeping business. Since these types of crimes can involvesignificant dollars, it’s imperative for a bookkeeping small business owner to acquirecrime insurance for bookkeepers.


As a bookkeeper, services you provide to your clients are of both high value and

high sensitivity. A small transposition error can result in much bigger financial

implications. Therefore, protect your bookkeeping business from potential financial

losses or lawsuits with adequate bookkeepers insurance.