Protect your business from the unique risks you face as a bookkeeper with top-rated errors and omissions insurance from Berxi.
Errors and omissions (E&O) insurance for bookkeepers is a type of professional liability coverage that can help protect you legally and financially if a client claims you made a mistake in your work for them.
Lawsuits related to errors and omissions claims can be a huge financial burden, even if you’re not at fault. They also create a distraction from running your business. Errors and omissions insurance for bookkeepers can protect you and your business from the out-of-pocket costs that come with E&O claims, while supporting you every step of the way.
With the sheer amount of financial data that goes into every ledger, even the most diligent bookkeeper can make a mistake. Every year, thousands of lawsuits are filed against bookkeepers by clients who claim they suffered financial harm due to an error. That’s why it’s so important to protect yourself and your business with errors and omissions insurance for bookkeepers.
In the event of a lawsuit, you’ll need to hire an attorney to defend yourself and potentially pay a large settlement, which can be a huge blow to your business and finances. Your errors and omissions policy can help pay for your legal defense and any damages you have to pay, as well as associated costs like court fees, lost wages, and reputation defense.
It’s important to choose an errors and omissions insurance policy that’s customized to fit your needs. Berxi provides comprehensive protection that protects you from the risks you face as a bookkeeper. Benefits of choosing bookkeeping insurance from Berxi include:
With errors and omissions insurance from Berxi, you get protection you can trust. We’re part of Berkshire Hathaway Specialty Insurance Company, which is rated A++ for financial strength, and our in-house customer support has been rated 4.92 out of 5 stars by more than 13,000 customers. That means we have the resources and expertise to protect you and your business when you need us.
We’re also a direct-to-customer insurance provider, with no broker fees or middlemen, and we pass the savings on to you. In fact, Berxi customers save an average of 15% on errors and omissions insurance for bookkeepers, and our policies start as low as $22 per month.
If a client claims you made an error or oversight that caused them financial harm, such as a bookkeeping error, failure to fulfill a promise, or bad advice, your errors and omissions policy can provide legal defense and financial support. An errors and omissions insurance policy from Berxi can help cover:
Our industry-leading errors and omissions insurance is customized to protect you from the unique risks you face as a bookkeeper. In the event of an errors and omissions claim, your policy can provide legal defense, financial protection, and more.
If a client sues you for making a mistake, Berxi will help get you your own lawyer from our network of expert defense attorneys, and we’ll pay their legal fees.
Plus, defense counsel and court fees are paid outside the limits of liability, which means they won’t reduce the amount of money available to pay for settlements.
If you decide to settle or you’re found liable for damages, your Berxi policy can cover the costs – meaning you or your business won’t be on the hook for a potentially hefty settlement. In addition, Berxi policies include “consent to settle,” which means we’ll never settle a claim without your approval.
Amount Covered: Limits of liability up to $1 million per claim/$2 million aggregate
If you’re investigated by a professional regulatory organization or licensing board, we’ll help appoint defense counsel for you and pay for the attorney fees resulting from the investigation.
Amount Covered: $25,000 per policy period
If we ask you to attend any depositions, trials, hearings, or arbitration proceedings in support of your defense, we’ll reimburse you for lost wages and any necessary expenses.
Amount Covered: Up to $1,000 per day
Want to find out what your Berxi E&O policy will cost? Get a quick online quote and see how much you can save. It only takes a few clicks, and your policy can go into effect as soon as you’d like.
“The quoting process was easy and the price is better than anywhere I’ve found.”
– Jeremy B.
“My claims representative really cared about what I was going through and reassured me that Berxi was on my side.”
– Kim P.
“Completely stress-free setup and customized to my needs. So easy I didn’t even need to talk to anyone!”
– Che H.
Yes. If you make a bookkeeping error, misplace financial records, or are accused of committing an error or negligence in your work, a client can sue you for financial harm. Without errors and omissions insurance, you’ll have to pay for claims and legal defense out of pocket.
Bookkeepers should have errors and omissions insurance before you begin work for a client. You can be held liable for advice given during consultations, and insurance can help protect your business before it even starts.
Errors and omissions insurance provides essential legal and financial protection. Every year, thousands of bookkeepers are sued in the United States for bookkeeping mistakes and other E&O claims, and the costs of defending and settling a claim can be substantial. Lawsuits can also damage your reputation and create a distraction from running your business.
That’s why errors and omissions insurance is so important for bookkeepers. It can help minimize the disruptions and out-of-pocket costs that come with such claims, while defending your reputation and supporting you through every step of the claims process. Knowing you’re protected with errors and omissions insurance can give you the confidence you need to focus on growing your business.
In addition to errors and omissions insurance, bookkeepers should consider other types of coverage to protect their business, including:
Both general liability and errors and omissions insurance policies help protect small businesses, but they cover different risks. Find out which is right for your business.
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