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Accountants & CPAs

A suite of insurance products specifically designed to protect accounting firms and CPAs.

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Rob Ferrini

Program Manager/Broker

Stephen Vono

Partner / Retail Manager

Insurance Solutions for Accountants & CPAs

As a trusted financial professional, your clients rely on your expertise, accuracy, and discretion. At McGowan Professional, we offer a comprehensive suite of insurance solutions specifically designed to protect accounting firms and CPAs from the unique risks they face in today’s business environment.

Our specialized coverage for accountants and CPAs includes essential protections such as Professional Liability for errors or omissions, Cyber Insurance for data breaches, Commercial Crime coverage for fraud or theft, and EPLI for employee-related claims. We also offer Fiduciary Insurance for benefit plan oversight, D&O Insurance for leadership liability, and Property Insurance to protect your physical assets and team.

We understand the accounting profession—its risks, its regulations, and its responsibilities. Our tailored insurance solutions offer peace of mind so you can focus on what matters most: serving your clients with confidence and integrity.

Ready to protect your practice? Contact us today to build a custom insurance plan that fits your firm’s needs.

Our Insurance Products

At McGowan Professional, we simplify the process of securing the right coverage for your business. With our customized insurance products, we ensure our clients receive the precise protection they need, quickly and efficiently.

Commercial Crime Insurance

Cyber Insurance

Directors and Officers (D&O) Insurance

Employment Practices Liability

Fiduciary Insurance

Professional Liability

Property Insurance

Frequently asked about Accountants & CPAs

Why do I need Accountants Professional Liability Insurance?

This insurance is essential for protecting your firm from potential lawsuits resulting from errors or omissions in your work. Even the most experienced accountants can face claims, and this insurance covers legal defense costs, settlements, or damages awarded.

What does Property Insurance cover for my accounting office?

Property Insurance covers physical damage to your office, equipment, or building, as well as liability claims. It can also include Business owners Policies (BOP) and Workers’ Compensation coverage.

Is D&O Insurance necessary for small accounting firms?

Yes—Directors & Officers (D&O) Insurance protects company leadership from lawsuits related to business decisions, helping to shield personal assets and ensure continuity of leadership.

Does Accountants Professional Liability Insurance cover criminal acts or fraud?

No, this insurance does not cover criminal acts, fraud, or intentional misconduct. It is designed to protect against unintentional errors or omissions in professional services.

Do I really need Cyber Insurance as a CPA?

Yes. If you store or access sensitive financial or personal data, Cyber Insurance can help cover the costs of a data breach, ransomware attack, or other cyber threats.

Are accounting firms with larger client bases at higher risk for D&O claims?

Yes, accounting firms with larger client bases or more complex operations may face increased risks of D&O claims due to the larger volume of financial statements, audits, and the diversity of services they provide.