Accounting and Finance Jobs in the Insurance Industry
A business owner's policy, or BOP insurance, can be an important aspect of running company if you work as an accountant, CPA, or financial professional. This type of coverage protects your business against responsibility and the financial consequences of liability in the same manner that a homeowner's policy protects your home and its belongings. BOP policies are relatively inexpensive and are included in the cost of running an accounting firm.
Accountants are responsible for their clients' financial records. The entire public, a specific firm, or a assortment of client firms receive services. Accounting firms may offer general financial services or specialise in a particular field such as taxes, real estate, or investments. An accounting firm may or might not be certified as a qualified Public Accountant (CPA). The necessity for CPA qualification depends upon the kind of work performed by the accountant and the purpose or type of financial statements prepared for the client.
If a CPA qualification is required, the accountant must be familiar with and also have experience with generally accepted accounting principles (GAAP) or statutory accounting principles (SAP), with respect to the client. Some accountants also serve as financial planners and provide investment advice. Due to the wide range of information or expertise required for these operations, the following factors must be looked at: background, education, certification, experience, and professionalism.
BOP insurance combine many basic coverage types into a single policy that protects your company from various risks and liabilities. Most small accounting companies and individuals in the financial services industry should get accounting insurance. Accountants, financial advisers, financial counsellors, and other financial-related business owners are included.
Accounting insurance can protect your company from litigation for as little as $27 per month. Get a quick price and your certificate of insurance immediately.
A conventional $1,000,000/$2,000,000 General Liability Insurance coverage for small accounting companies costs between $27 and $59 monthly, depending on location, services offered, payroll, sales, and expertise.
Although an accounting insurance policy is a smart place to start when looking at CPA company owner's policies for your enterprise, there Accounting Insurance are other forms of accountant insurance to consider.
Work with your insurance agent to decide whether these common plans are appropriate for your company.