Payroll Services Insurance

You can save up to 25% in discounts on business insurance.*

Choose your primary coverage to get started:

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Payroll services insurance designed to protect your business

NEXT Insurance is a one-stop shop to help you get the tax preparer insurance or bookkeeping insurance you need to protect your business from accidents, injuries, legal fees and damaged vehicles. Our payroll services business insurance packages typically include:

General liability
Professional liability (E&O)
Commercial auto
Workers’ compensation
Commercial property

We’ll help you get the business insurance coverage you need

It’s all about managing your risk. See the different policies available for bookkeepers and tax preparers and save up to 10% when you bundle two or more of our policies.

General Liability

Protection for the injuries, accidents and damage you cause

General liability insurance covers a wide range of bookkeeping and tax preparation accidents and basic risks. You’ll have financial protection if someone other than an employee gets hurt or you are held responsible for damaging property that doesn’t belong to you. It’s often required by clients and licensing agencies.

general liability can help you pay for:

Medical payments

Property damage

Legal fees and judgments

Professional Liability (E&O)

Coverage against business mistakes and claims of negligence

Professional liability insurance for bookkeepers and tax preparers (also known as errors and omissions insurance for bookkeepers or errors and omissions insurance for tax preparers) helps you defend yourself if you’re accused of making a mistake that causes someone to lose money. For example, if you are accused of misplacing a cash deposit on your way to the bank, it could help cover related expenses to defend yourself or address the problem.

professional liability can help you pay for:

Professional negligence (actual or alleged)

Legal defense costs

Legal judgments

Commercial Auto

For business owners who own or drive vehicles

Most states require commercial auto insurance for business-owned vehicles to help pay for medical expenses and property damage. Personal auto insurance usually won’t provide coverage if you get into a fender bender while driving to a client meeting.

commercial auto can help you pay for:

Medical expenses

Collision repairs

Rental reimbursement

Workers’ Compensation

For business owners who hire employees

Workers’ compensation insurance can help pay for medical care and lost wages after a workplace injury. It’s almost always required if you have employees. Choose business owner’s coverage with your policy to protect yourself.

workers compensation can help you pay for:

Medical expenses

Lost wages

Employer liability

Commercial Property

For business owners who own or rent physical spaces

Property insurance can help protect your business equipment, inventory and even the building itself if you own it. If your business property is damaged due to a covered event, such as a burst water pipe or fire, property insurance can help with replacement costs or repairs as well as the loss of business income while you get back up and running.

commercial property can help you pay for:

Damaged equipment and inventory

Lost income

Operating expenses

Cyber Liability insurance

Protection against cyber attack and other tech issues

Businesses often handle personal client and financial data, and a cyber incident can disrupt your operations and hurt client trust. Cyber insurance could help protect your business and help you respond quickly if there’s a data breach of sensitive client information, a cyber attack or a phishing scam that could impact your business.

cyber liability can help you pay for:

Data breaches

Cyber attacks and ransomware attacks

System failures

You can save up to 25% in discounts on insurance for payroll service businesses

You can pay for your insurance monthly or annually and you can cancel instantly at any time.

Basic

Lowest Price

Commercial Auto

Combined single limit

$85,000

General Liability

Per occurrence

$1 million

Professional Liability (E&O)

Per occurrence

$250,000

Workers’ Comp

Per accident

$100,000

Pro

How much does payroll services insurance cost?

Bookkeeper and tax preparer insurance quotes vary based on the risks that your business faces, such as:

The types of accounts you manage
Where your clients are located
Your payroll and the kinds of jobs your employees do
The number and types of vehicles you use at work

Tax preparer and bookkeeper insurance requirements

Bookkeepers and tax preparers are almost always required to have insurance due to the risk of injury to clients and damage to property. You might need insurance to:

Start managing client accounts. Clients and companies might ask you to have active insurance — usually general liability or workers’ compensation.
Hire employees. Most states require workers’ compensation.
Drive for business purposes. Business-owned vehicles typically need commercial auto insurance.
Repair or replace property you own or rent. Protect your inventory, equipment and even the building that you lease or own.

Frequently asked questions about business insurance

Here are some of the most common questions we get about self-employed bookkeeper insurance and tax preparation business insurance. If you don’t find the answers you need here, our licensed, U.S.-based insurance advisors are standing by to help via online chat or phone.

How does business insurance protect bookkeepers and tax preparers?

Our payroll services insurance packages are designed to protect your business from a variety of risks and help you save money to grow your business. You can be protected from financial losses related to:

Damage to someone’s property

You accidentally drop and break a client’s laptop. The general liability coverage in your insurance package could help pay for a replacement.**

Accidents that hurt someone

A client slips on a wet floor in your office and sprains their ankle. Your general liability coverage could also come into play here by helping to pay for medical costs and legal fees.

Professional mistakes

You make an error when filing a client’s tax return. Professional liability coverage for bookkeepers or professional liability insurance for tax preparers helps you defend yourself if you’re accused of making a mistake that causes someone to lose money.

Workplace injuries

You fall on some stairs in a client’s office and hurt your back. Workers’ compensation coverage can help cover medical bills and lost wages — not to mention it’s usually required by law if you have employees.

Injuries and damage involving your business vehicles

Your work vehicle slides on an icy road and hits a parked car. Commercial auto coverage will help pay for the repairs. This coverage is also usually required by law for business-owned vehicles.

Damage to your own property

A plumbing issue in your office causes water damage to the floors. Commercial property insurance can help with replacement or repair costs if your owned or leased property is damaged due to a covered event, such as a burst water pipe, fire, tornado or vandalism.

What do I need to get an insurance quote online?

It takes about 10 minutes to get a business insurance quote online with ERGO NEXT. We’ll ask a few questions about your business — like what you do, your location, what type of events you sell at, how many people you employ and the vehicles you use for work. You’ll choose your options and see prices. If you like what you see, you can buy online and get a certificate of insurance (proof of insurance) on the spot.