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Bookkeepers

Tailored insurance solutions to protect bookkeepers from the unique risks they face.

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John F. Raspante, CPA, CDFA, MST

Director of Risk Management

Stephen Vono

Partner / Retail Manager

Rob Ferrini

Program Manager/Broker

Insurance Solutions for Bookkeepers

As a trusted financial professional, accuracy, security, and integrity are at the core of your work. Bookkeepers face unique risks, from handling sensitive client information to managing financial records and funds. At McGowan Professional we offer a comprehensive suite of insurance solutions specifically designed to protect bookkeepers and small financial firms from the unexpected.

We offer tailored insurance solutions to protect bookkeepers from the unique risks they face. Our coverage includes Professional Liability Insurance for protection against errors or omissions, Cyber Insurance to safeguard sensitive financial data, and Commercial Crime Insurance for losses related to fraud or theft. We also provide Employment Practices Liability Insurance (EPLI) for employee-related claims, Fiduciary Liability Insurance for mistakes in managing benefit plans, Directors & Officers (D&O) Insurance for leadership-related lawsuits, and Property Insurance to cover physical assets and liability. Each policy is designed to help you stay protected, so you can focus on serving your clients with confidence.

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 Bookkeepers

Why is Professional Liability Insurance important for bookkeepers?

Even the most experienced bookkeepers can make mistakes. This insurance protects you from lawsuits or claims related to errors, omissions, or negligence in your bookkeeping services.

When would a bookkeeper need Directors & Officers (D&O) Insurance?

If you run your own firm or sit on a board, D&O Insurance protects you personally from lawsuits related to business decisions or management practices.

What is Fiduciary Liability Insurance, and do I need it?

If you assist clients or employees with managing benefit or retirement plans, Fiduciary Insurance covers mistakes or oversights that could result in liability for mismanagement or breaches of fiduciary duty.

What is Employment Practices Liability Insurance (EPLI)?

EPLI protects your business from claims brought by employees or job applicants related to harassment, discrimination, wrongful termination, or other workplace issues.

What does Property Insurance include for bookkeepers?

Property Insurance covers damage to your office, equipment, or building, and includes liability protection for bodily injury claims. It can also include Business owners Policies (BOP) and Workers’ Compensation if you have employees.

What does Commercial Crime Insurance cover for bookkeepers?

This coverage protects your business against financial losses caused by fraud, theft, forgery, or other criminal acts—whether committed by employees or third parties. It’s especially important if you handle or have access to client funds, including paying bills or payroll services.

Do I need Cyber Insurance if I’m a small bookkeeping firm?

Yes. If you store or access client financial data, you are at risk for cyberattacks and data breaches. Cyber Insurance helps cover the cost of these incidents and protects your business reputation.

What types of insurance do bookkeepers typically need?

Bookkeepers benefit from a range of coverages including Professional Liability Insurance, Cyber Insurance, Commercial Crime Insurance, and Property Insurance. Depending on your business setup, you may also need EPLI, Fiduciary Liability, or D&O Insurance and Property Insurance.