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Tax Services in Georgia and South Carolina

As a tax services professional, your clients rely on you to provide accurate and timely services while managing critical parts of their finances. However, errors and other incidents may impact your operations regardless of how experienced and meticulous you and your employees may be, and resulting lawsuits and accusations could incur significant financial ramifications. This highlights the importance of tax services insurance.  

What Is Tax Services Insurance? 

You should first understand that tax services insurance may not be available as a single insurance product from many providers; a more apt name for this kind of coverage may be “insurance for tax services professionals.”  

Tax services insurance may refer to a portfolio of coverages and policies woven together to form a suitable financial safety net for your company. Regardless of how you compose your tax services insurance, doing so effectively can fortify your financial stability and protect your business’s future. 

How Tax Services Insurance Works 

Although your tax services insurance portfolio may be comprised of several separate policies, each generally functions as a contractual agreement between you and your tax services insurance broker. By purchasing and maintaining coverage, you secure the ability to file a claim against the policy in question following an accident, error or other incident. After your insurance company investigates your claim, your business can receive a payout that can limit out-of-pocket losses and expenses that might have otherwise proven catastrophic. 

What Tax Services Insurance Covers 

Exact coverage needs of tax services professionals may vary depending on unique circumstances, but as a member of this sector, you should generally consider the following: 

  • Errors and omissions insurance (also known as professional liability insurance) 
  • Cyber liability insurance 
  • Commercial property insurance 
  • Business interruption insurance 
  • General liability insurance 
  • Workers’ compensation insurance 

Get the Right Coverage 

As an experienced tax services insurance company with over two decades of service to businesses in the Jonesboro, Georgia, area, the dedicated team at Fase Insurance Group is well-equipped to help you understand and address your coverage needs. Contact us today to ensure you have appropriate tax services insurance coverage. 

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