If you are an accountant, you are most likely familiar with professional liability insurance. You know it is a requirement to practice, and you, being the responsible accountant that you are, are already covered, and so are the employees of your firm.
So, if that is all that is required, then it is all you need to cover your business, right? Not quite. While professional liability insurance is required, business insurance is not.
Here’s the thing about insurance; it is not one size fits all, and there are many different types of coverage. Not only are you providing a service, but you are also running a business, which requires added layers of protection.
When it comes to protecting your business, knowing what type of business insurance you need is just as important as knowing what you do not need.