Online insurance company Insureon said it now offers business insurance coverage to help small accounting firms with succession plans, online filing risks, and other forms of liability insurance.
The company specializes in offering insurance coverage to small businesses. For small accounting firms, the company is offering professional liability insurance to protect accountants from lawsuits arising from the advice they give. The company is also offering property insurance and extended property coverage to protect against fire, water, power surges and other losses. Cyber liability insurance protects accounting firms against losses related to theft or disclosure of confidential client data, as well as the introduction of malicious code or viruses.
Fidelity bond insurance protects against employee dishonesty with coverage that safeguards cash on hand, along with clients' personally identifying information, bank account details, and credit card information.
“A comprehensive review of business insurance has become a necessary part of succession planning for many small accounting firms that are looking ahead to a possible merger, even if it may be years down the line,” said Insureon CEO Ted Devine in a statement. “This is an area where firms will find value in seeking insight from an outside expert in insurance and risk management. Insureon’s licensed insurance agents can work with small accounting firms to ensure that they have all the coverage they need to protect their businesses and position themselves for maximum valuation.”
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