Accountants Professional Liability Application - Kinsale Insurance 2026

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  1. Click ‘Get Form’ to open the Accountants Professional Liability Application in the editor.
  2. Begin by filling out the Applicant’s Information section. Enter the legal name of your business and any other names under which you operate. Specify your business structure, such as Corporation or Partnership.
  3. Provide your primary location address and total number of branches. Include your website address and phone number for contact purposes.
  4. In the General Information section, detail your firm staff composition, including CPAs and non-CPAs. Indicate if there have been significant changes in staff size over the past three years.
  5. Complete the revenue figures based on your firm's fiscal year-end data. Be sure to include percentages from your largest clients and describe how you maintain independence.
  6. Review all sections carefully before submitting. Ensure that all information is accurate and complete to avoid delays in processing.

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The average cost of professional liability insurance for accountants can vary significantly based on several factors including the size of your firm, your location, the services you provide, and your claims history. As of 2022, small accounting firms might expect to pay anywhere from $500 to $2,000 annually.
The median cost of EO insurance for bookkeepers is less than $35 per month, or $400 per year.
It typically costs $8 to $10 per year for every $100,000 in coverage. While most homeowners insurance policies offer between $100,000 and $500,000 in personal liability coverage, you can opt for liability limits as high as $1 million.
PII is a form of liability insurance which may indemnify the accountant for legal liability to their clients and others who rely on their professional advice. Professional indemnity claims for accountants are usually made based on economic loss as a result of advice provided.
What is the average cost of professional liability insurance? Small businesses pay an average premium of $61 per month, or about $735 annually, for professional liability insurance.

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