Tax Preparer/Bookkeeper

Tax Preparer/Bookkeeper  

OVERVIEW

How To Apply

Applying is just a click away! Get a no-obligation quote in less than 5 minutes by clicking on the "Apply Now" button and completing the online application. Why wait? Get your personal professional liability coverage today!

 

If you prefer, you can call 1-866-486-1946 to speak to a professional liability representative today.

 

At A Glance

Professional Liability Insurance, also known as errors and omissions insurance, or E&O for short, is an important coverage for tax preparers / bookkeepers. Here's why:

  • Coverage helps protect your tax preparation and bookkeeping business from risks not typically covered by general commercial liability policies.
  • This insurance offer is for one or more Tax Preparers and Bookkeepers who focus 100% of their professional services in Tax Preparation and Bookkeeping Services.
Tax Preparing/Bookkeeping

Professional Liability Insurance

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What are the key features of this Professional Liability Insurance?

  • Extensive Insurance Limits: Protection ranging from $10,000/$20,000 up to $100,000/$200,000
  • Deductible Feature: $250 per Claim/$500 Aggregate per Policy Period
  • Broad Activity Coverage:
    • * Prior Acts coverage
    • * Broad definition of Bookkeeping Services
    • * Members of Tax Preparers Professional Association and Enrolled agents are a preferred risk

 

 

Contact Us

We're here to help! Please contact us in whatever manner is most convenient for you.

 Address
AMBA
4050 NW 114th Street
Urbandale, Iowa 50322
 Phone
Toll Free: 1-855-429-8834
 Hours
 M-F 8a-5p CT
 Email
[email protected]

FAQs

Answers about the plan, including eligibility, options, enrollment, customer service and more.

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  • What is Professional Liability insurance?

     

    Professional Liability Insurance protects you against covered claims arising from real or alleged errors or omissions, including negligence, in the course of your professional duties. Remember, legal defense and settlement costs are paid in addition to your limits of liability.

  • Doesn’t my employer provide me with Professional Liability coverage?

    While many employers (not all) will provide some professional liability coverage, chances are that coverage may have some serious gaps, including: 

    • Policy limits may not be high enough to protect you and all of your co-workers.
    • You may not be provided with coverage for lost wage reimbursement, licensing board hearing reimbursement, and defense costs.
    • You may not be covered outside of the workplace, such as when you engage in volunteer or part-time work.
    • You may not be covered for suits filed after you have terminated your employment.

  • What would having a personal Professional Liability Insurance Plan give me?

    In the event of a lawsuit, your own Professional Liability Insurance policy would: 

    • Provide you with your own attorney
    • Pay all reasonable costs incurred in the defense or investigation of a covered claim
    • Pay you for lost wages
    • Provide reimbursement if licensing board issues were involved
    • Pay court costs and settlements in addition to the limits of liability

  • Why should I consider an individual Professional Liability Insurance Plan from AMBA?
    All the plans offered by AMBA are tailored specifically for each profession to meet your unique needs.

    The Plan is administered by AMBA Administrators, Inc. and is underwritten by Liberty Insurance Underwriters, Inc. AMBA has handled the insurance needs of individual healthcare professionals, schools, universities and associations since 1981. As a trusted name in the Professional Liability marketplace, AMBA has earned a reputation defined by superior products and quality service.

  • How do I apply?
    Applying is just a click away! Get a no-obligation quote and apply for binding coverage instantly at Proliability.com.

    If you prefer not to apply online, you may also request an application to be sent to your home or apply for coverage by phone. Call 1-800-375-2764 to speak to your professional liability representative today.

  • Am I eligible to purchase my medical professional liability with installments?
    Illinois Medical Professional Liability Law PA94-677, Senate Bill 475, requires insurers to implement a quarterly premium payment installment plan as prescribed by the Secretary of the Illinois Department of Financial and Professional Regulation (IDFPR). 

    If you practice in the state of Illinois and your annual medical professional liability premium is above $500, please visit www.proliability.com/illinstall for information regarding installment payment options.