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Payroll Services Insurance

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

Choose your primary coverage to get started:

Payroll services insurance designed to protect your business

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

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)

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

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

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

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

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
Most Popular
Commercial Auto
Combined single limit
$100,000
General Liability
Per occurrence
$1 million
Professional Liability (E&O)
Per occurrence
$1 million
Workers’ Comp
Per accident
$500,000
Pro Plus
Best Coverage
Commercial Auto
Combined single limit
$1 million
General Liability
Per occurrence
$1 million
Professional Liability (E&O)
Per occurrence
$1 million
Workers’ Comp
Per accident
$1 million
How much does payroll services insurance cost

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

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.