Florida Tax Preparer Insurance (Quotes, Cost & Coverage)

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Frequently Asked Questions About
Commercial General Liability Insurance

How much does commercial insurance cost?

Costs can vary widely based on industry and are also determined by zip code and often payroll and/or gross sales. Request a free quote to get an exact number.

What kind of business insurance do I need?

Most business owners need General Liability Insurance at the very least. If you have any non-owner employees, you will need workers compensation insurance too.

What is a Certificate of Insurance?

A Certificate of Insurance is proof of coverage. It lists the type and amount of liability coverage you have and other policy information when a third party requests it.

Is business insurance tax deductible?

Yes. you can deduct the cost of commercial insurance premiums. The IRS considers insurance a cost of doing business as long it benefits the business & serves a business purpose.

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Florida Tax Preparer Insurance

FL Tax Preparer Insurance

Florida Tax Preparer Insurance. A tax preparer is a person who prepares tax returns for small businesses and other individuals. They are used to make the job of filing taxes a lot easier for people who don't know how or don't have the time to do it. With the United States federal tax code growing at the rate it has been over the last couple of year this job of preparing tax returns has become more tedious.

An accountant has to ensure that they get the taxes filed on time and help businesses to avoid being audited by the IRS. There are also lots of risks involved with the preparation of tasks and one simple slip up, and a tax preparer can find themselves in deep problems like being sued. Thats is why the smartest move a tax preparer can make is to ensure they are properly protected with an-adequate Florida tax preparer insurance insurance policy.

Florida tax preparer insurance protects your practice from lawsuits with rates as low as $27/mo. Get a fast quote and your certificate of insurance now.

Understanding The Basics Of Florida Tax Preparer Insurance

Protect your drywall contracting business from unexpected events and accidents with business insurance policy, so that you can juggle with your business and have less to worry about. A number of insurance companies have developed special insurance programs aimed at addressing the insurance needs of Drywall Contractors. Typically, the programs offer broad liability policy at low rates. They are available to smaller companies (with less than $5,000,000 in receipts). Bigger contracting companies are offered coverage under different terms.

The Risks Involved With FL Tax Preparation

A person who is a tax preparer often works for themselves or a small firm. Whether with a small company or working for themselves there are many risks involved. To ensure that risk of running this type of business is minimal one must be adequately insured. Being covered with Florida tax preparer insurance is the best thing that one can do for themselves and their business.

What Types Of Tax Preparation Insurance Are Available?

When deciding on the kind of insurance you should get for your business, it's always a good idea to spend some time talking with an insurance professional. Doing this allows you to find the right coverage for you. If you're a small business and need comprehensive and affordable coverage, then a Business Owner's Policy might be the right thing for you. There are three types of coverage you get with this type of insurance:

  • Property Coverage - if anything happens to the equipment or the building you're working in this kind of insurance will keep you covered.
  • Liability Coverage - this coverage includes any injury to a third party due to anything you've done.
  • Business interruption coverage - if a person has to close down their business because of a natural disaster or business damage this type of coverage helps to compensate for lost of income.

There are also other types of coverages that will contribute to protecting your office equipment like computers and such. Ensure that when you speak with an insurance professional that you ask them about this.

How To Ensure Your Office Equipment Is Covered If You Work From Home

As a FL tax preparer and small business owner, you may be working from your home. Now because of this fact you have to ensure that you are adequately covered when you are doing so. You may have a homeowners insurance policy, but you have to know the limits of that policy. A standard homeowner insurance policy will cover only up to certain limits with a typical $500-$1000 deductible.

Luckily there are a few strategies to ensure that you have the right coverage while you run your business from home:

  • In-home business and office insurance. If you run your business from your home, then some insurance companies offer a unique insurance policy that will help you to stay covered. The basic in-home business policy provides up to $10,000 of business coverage. It also provides a liability coverage limit between $300,000 and $1 million.
  • Business owners policy: This type of policy as said before is the type of insurance that fits perfectly with people that are running their business from home.

When it comes to keeping your small business protected as a small home business owner, one must ensure that they have the best insurance policy to keep them protected. Think about your business and what you want to achieve and when you've done that speak to an insurance agent and work to find the Florida tax preparer insurance policy that it right for you.

Florida Economic Data And Commercial Insurance Requirements

If you are thinking about starting up a business in the state of Florida, it's important to understand the economic standing of the state before you set up shop. Furthermore, you should understand the rules and regulations regarding FL commercial insurance.

Made In Florida

With this information, you will be able to determine if Florida is the right place for your business, and if so, what type of insurance you will need to carry to protect yourself, your employees, and the people that you serve.

Economic Trends For Businesses In FL

Florida is known as the sunshine state, and the economic outlook for this state is just as bright as the weather. It is estimated that the economy in Florida will reach $1 trillion by the end of the 2018 calendar year. However, while financially, the economy is expected to boom, it is forecasted that job growth will decline.

The reason for the economic boom? While businesses do certainly contribute to the economy, industry isn't the reason why Florida's economy is expected to soar; the residents that move to the state are largely responsible for its economic growth. Approximately 898 people move to Florida every day, and those new residents bring a tremendous amount of income for the state.

In terms of job growth, the rate of new jobs has been its highest since 2007; however, it is forecasted to slow during 2018. Approximately 180,000 new jobs will be added in 2018, which is slightly less than the new jobs that were added in 2017.

The industries that contribute the most to Florida's economy include:

  • Agriculture
  • Aviation & Aerospace
  • Financial Services
  • Healthcare
  • International Trade
  • Life Sciences
  • Tourism
Commercial Insurance: Regulations & Limits In Florida

The Florida Office of Insurance Regulation regulates insurance in FL. The only type of coverage that business owners must carry is workers' compensation. Organizations in any industry must carry this type of coverage if they employ a staff of hourly or salaried workers. But, organizations that employ three or less people are not legally required to carry this type of coverage.

Business owners are also required to carry commercial auto insurance if they use any vehicles for their operations, such as making deliveries or transporting goods. Commercial liability insurance is another type of coverage that Florida business owners should consider carrying, though they are not legally required to have this type of insurance.

Additional Resources For Professional Services Insurance

Get informed about small business professional services insurance, including Professional liability, aka errors and omissions (E&O insurance), that protects your business against claims that a professional service you provided caused your client financial loss.


Professional Services Insurance

Let's face reality. People today are claims conscious, resulting in a significant share of malpractice lawsuits against professionals.

Liability resulting from the rendering of or the failure to render professional services is excluded in most liability coverage forms. This means that a policy covering a account's or lawyers' office will cover liability arising out of the maintenance or use of the premises, but specifically exclude liability arising out of the rendering of a professional service or the omission of such a service.

In addition to the professions in which actual physical or mental injury may be caused to clients, certain other professions are exposed to claims for malpractice.

Claims may be brought against lawyers, accountants, architects, and similar professional persons for errors or omissions in their professional capacity. Errors & Omissions insurance pays damages that might be awarded to a plaintiff alleging professional negligence.

Professional liability policies are made available to such risks, and these policies provide essentially the same protection as is afforded under the physicians, surgeons or dentists professional liability policy.


Request a free Florida Tax Preparer insurance quote in Altamonte Springs, Apopka, Aventura, Boca Raton, Bonita Springs, Boynton Beach, Bradenton, Cape Coral, Casselberry, Clearwater, Clermont, Coconut Creek, Cooper City, Coral Gables, Coral Springs, Crestview, Cutler Bay, Dania Beach, Davie, Daytona Beach, DeLand, Deerfield Beach, Delray Beach, Deltona, Doral, Dunedin, Edgewater, Fort Lauderdale, Fort Myers, Fort Pierce, Gainesville, Greenacres, Haines City, Hallandale Beach, Hialeah Gardens, Hialeah, Hollywood, Homestead, Jacksonville Beach, Jacksonville, Jupiter, Key West, Kissimmee, Lake Worth, Lakeland, Largo, Lauderdale Lakes, Lauderhill, Leesburg, Margate, Melbourne, Miami Beach, Miami Gardens, Miami Lakes, Miami, Miramar, New Smyrna Beach, North Lauderdale, North Miami Beach, North Miami, North Port, Oakland Park, Ocala, Ocoee, Orlando, Ormond Beach, Oviedo, Palm Bay, Palm Beach Gardens, Palm Coast, Palmetto Bay, Panama City, Parkland, Pembroke Pines, Pensacola, Pinellas Park, Plant City, Plantation, Pompano Beach, Port Orange, Port St. Lucie, Riviera Beach, Rockledge, Royal Palm Beach, Sanford, Sarasota, Sebastian, St. Cloud, St. Petersburg, Sunny Isles Beach, Sunrise, Tallahassee, Tamarac, Tampa, Tarpon Springs, Temple Terrace, Titusville, Venice, Wellington, West Palm Beach, Weston, Winter Garden, Winter Haven, Winter Park, Winter Springs and all other cities in FL - The Sunshine State.


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Tax Preparer Insurance
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Quotes from leading small business insurance carriers including: ACE, AmTrust, Chubb, Cincinnati, CNA, Colony, Employers, Evanston, Fireman's, Foremost, Guard, Hanover, Hiscox, Liberty Mutual, Markel, MSA, Nationwide, Penn America, Philadelphia, Prime, Progressive, Scottsdale, The Hartford, Travelers, USLI, Utica First, Western World, Zurich & others.

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