Accountants face professional and financial risks ranging from client disputes to data breaches and regulatory challenges. Coverage such as professional liability and cyber insurance helps protect against errors, omissions, and sensitive data exposure. Murphy Insurance provides practical guidance to help accounting professionals manage risk, safeguard their reputation, and maintain financial stability.

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What Is Professional Liability Insurance—and Does Your Business Need It?

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General liability insurance won’t protect your business from claims tied to mistakes, missed deadlines, or professional advice gone wrong. That’s where professional liability insurance—also known as Errors & Omissions (E&O) coverage—steps in. It covers negligence, inaccurate advice, project delays, and the legal costs that come with client disputes. From consultants and IT professionals to architects, real estate agents, and accountants, this coverage is essential for anyone providing specialized services.

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