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Accountants & Bookkeepers Insurance Program

Welcome to the Accountants & Bookkeepers Insurance Program from PROLINK

PROLINK has provided professional insurance solutions to Accountants and Bookkeepers for over 15 years! This experience has given us the insight that’s required to offer you and your firm comprehensive and CPA-compliant protection against the risks you face in your profession. Our long-standing relationships with over 30 insurance companies allow PROLINK to select the ideal insurance partner for Accountants and Bookkeepers.

PROFESSIONAL INSURANCE FOR ACCOUNTANTS & BOOKKEEPERS

Browse our professional insurance solutions tailored to the needs of Accountants & Bookkeepers. We assess our program insurers on their ability to offer an exceptional client experience, breadth of coverage, product and service innovation, knowledge of your needs, available add-on services, speed of turnaround, claims handling, and overall value. We offer an Extended Reporting Period Coverage for 6 years and innovative solutions for emerging and other risks. With a multitude of available pricing and coverage options, you can select a tailored offering that fits your risk profile perfectly, no matter if you’re a: CPA; CPA,CA; CPA,CMA; CPA, CGA; or a Bookkeeper.

PROFESSIONAL LIABILITY INSURANCE (E&O)

What is it?
Professional Liability Insurance protects you (and your business) from any allegations of errors, omissions, or negligence committed within the scope of your professional activities. It’ll cover your damages—legal expenses, administrative costs, and court settlements—EVEN if the claims made against you are groundless.

Why do we recommend it?
As a CPA, CPA,CA, CPA,CMA, CPA, CGA or a Bookkeeper, your job is to advise clients on tough business decisions. Whether you provide profitability analyses, manage payroll or commission structures, evaluate potential investments, assess cost management, or even taxes, your advice is directly tied to your client’s bottom line—and that’s a risky business to be in.

When it comes to clients and advice, what you intend to communicate isn’t always what’s understood. So while you help clients sort out their finances, you need to make sure to protect your own finances too.

We can help. For over 15 years, PROLINK has refined an insurance program that addresses the specific risks you face as an Accountant or Bookkeeper. Our comprehensive Professional Liability Insurance exceeds CPA requirements and will defend you from claims others make against you or your firm within the scope of your professional activities.

Plus, you have the ability to tailor an insurance solution to fit your actual risk profile. That’s because depending on your professional designation, and the types of services you offer, you may require more or less protection. We can help put your mind at ease by ensuring that you are only paying for coverage you truly need and accessing limits that will offer proper protection should something occur.

Policy highlights include:

  • A six year Extended Reporting Period (ERP): ERP coverage protects your firm if a claim is made after you or your firm cease to operate the practice. CPAs are required to carry ERP coverage for a minimum of six years after they cease practicing. While ERP coverage normally costs between 235% and 250% of the insurance premium, we waive your ERP premium provided that you have been insured with us for at least one uninterrupted year;
  • No gap in your coverage: we will cover all prior acts for your business even if they were previously insured with another company;
  • Pays all damages and settlements awarded to a claimant;
  • Defence costs are limitless and not constrained by liability limits. Many other providers include defence costs within the liability limits, reducing the insurance funds available to you for a settlement;
  • Deductible does NOT apply to legal defence costs if you are not negligent and no damages are paid. Very few policies offer this benefit;
  • And more

COMMERCIAL GENERAL LIABILITY INSURANCE (CGL)

What is it?
Commercial General Liability Insurance (CGL) protects your business from third-party claims of bodily injury, property damage, and reputational harm caused by your professional activities or company operations. 

Why do we recommend it?
Whether it’s a client, a vendor, or supplier, any business that comes into contact with a third-party needs Commercial General Liability Insurance, especially if you or your employees:

  • Own, rent, or lease a commercial space that’s open to the public;
  • Have a home-based business where clients visit you;
  • Visit your client’s workspace or home, or conduct business anywhere else offsite; and 
  • Advertise or create marketing materials for your business.

Policy features include:

  • Coverage for third party injuries and property damage;
  • Standard coverage for Tenant’s Legal Liability, Employer’s Liability, Voluntary Compensation and Non-Owned Automobile Coverage.

PROPERTY INSURANCE

What is it?
Property Contents Insurance protects your commercial property from damage or loss and will cover the costs of repairs or replacement for contents, equipment, and furnishings.

Why do we recommend it?
Property Insurance is critical if you have your own business, regardless of the location. Whether you work from home or out of a commercial office, your general liability or homeowner’s policies won’t reimburse you for any damage to your business assets following a break-in, fire, or other disaster.

DATA SECURITY & PRIVACY BREACH INSURANCE

What is it?
Data Security & Privacy Breach Insurance protects your business and offsets your losses in the event of a breach, such as when your company’s information is stolen or exposed by a hacker, or accidentally released by an employee.

Our valuable policy features include:

  • Legal coaching on how to handle the breach;
  • Legal fees in the case of a civil suit;
  • Funds for court-awarded damages;
  • PR services for managing reputational impact;
  • Provisions for credit monitoring and client notification fees.

Why do we recommend it?

All businesses run the risk of experiencing a privacy breach at least once in their lifetime. Unfortunately, Accountants and Bookkeepers are prime targets for social engineering scams and criminal activity due to the private and sensitive nature of the financial information you collect. And under the new PIPEDA guidelines, a network failure, a hack that reveals client information, or something as simple as a lost laptop, could leave you liable for hundreds of thousands of dollars in damages.

But in your profession, the real cost of the privacy breach is actually lost business. Unless you handle a breach effectively, you are likely to see a higher-than-normal client churn rate. The good news is that clients tend to be very forgiving of a privacy breach when you notify clients promptly and make a sincere apology. However, to accomplish these things during the fall-out from a breach, you’ll need a team of consultants, provisions to keep your business running and funds for any potential damages. These expenses are costly. It takes, on average, $265 to handle one lost record.

PROLINK can help. Our Data Security and Privacy Breach Insurance for Accountants and Bookkeepers will allow you to act quickly to investigate and navigate a breach, as well as provide funds to manage your cash flow.

EMPLOYMENT PRACTICES LIABILITY (EPL) INSURANCE

What is it?
Employment Practices Liability (EPL) Insurance protects your business from claims made against you by employees, such as wrongful termination, discrimination, harassment, and more.

Why do we recommend it?

If you own your own business, you hold the responsibility of developing the guidelines for the recruitment and employment practices of your company, along with setting the workplace culture. Though you work with integrity, not everyone you employ in your practice necessarily shares the same mindset. Tensions can run high, and you need to be protected from allegations that can harm your business’s reputation as a fair employer. Employment Practices Liability can help.

GROUP BENEFITS

What is it?
Our Group Health & Dental Benefits offer fully customizable Health, Dental and Drug plans for you and your employees at competitive rates. Plan features may include (but are not limited to):

  • Extended healthcare, including drug and dental coverage;
  • Life insurance;
  • Long-term disability insurance;
  • Employee assistance plans;
  • Health spending accounts;
  • And more!

Why do we recommend it?
Any business with employees should consider Group Health & Dental Benefits. A strong benefits package will help you protect the physical, mental, and financial health of your staff. And when employees are healthy—when they feel supported by workforce leaders—businesses are resilient in the face of an uncertain future.

FREQUENTLY ASKED QUESTIONS

PROFESSIONAL INSURANCE

What does Professional Liability Insurance cover?

In general, Professional Liability Insurance covers you against allegations brought by a third party (i.e., a client) seeking damages resulting from a negligent or wrongful act, error, or omission arising from your profession and within your scope of practice.

Do I need any other type of insurance if I own or rent an office location?

Yes, you should purchase Commercial General Liability Insurance. Your Professional Liability Insurance policy won’t protect you from bodily injury or property damage claims that are related to your premises. You should also consider Property Insurance to protect your office contents.

What do I do if I receive a statement of claim?

Once you are aware of an actual or potential claim, report it to PROLINK immediately. Please refrain from making written or oral statements, and do not offer to compensate or admit liability. Taking such actions could interfere in the insurer’s ability to manage the claim.

Click here to see how you can file an insurance claim in 5 steps or less.

When do I need to notify PROLINK with a potential claim?

Notify PROLINK as soon as you are served with a statement of claim. However, there are other circumstances where you should also contact PROLINK because it could constitute a claim under your Professional Liability Insurance policy.

The other circumstances include:

  • A client or their lawyer issues a verbal or written demand for damages (i.e., a letter or email is sent to you);
  • A client or their lawyer makes threatening comments verbally or in writing indicating that they are seeking damages and/or may sue you.
  • You made a mistake in how you rendered your professional services and may have caused harm to a client.

What does Commercial General Liability Insurance cover?

Commercial General Liability Insurance covers you in the case of third party injuries and property damage that occurs through your professional activities. It also provides you with insurance for Tenant’s Legal Liability, Employer’s Liability, Voluntary Compensation, Non-Owned Automobile Coverage, and more.

What if I have to change something on my policy between renewals?

For any mid-term changes, please email us at accountants@prolink.insure.

Why is Cyber Insurance important?

Every business faces the looming threat of a privacy breach during its lifespan. Even the most secure organizations aren’t immune to the tactics of sophisticated fraudsters or mistakes by distracted or poorly trained employees. Ultimately, in today’s digital age, it’s not about if your company will experience a breach—it’s about when.

Without proper controls or security training, you risk losing permanent access to mission-critical data. Plus, if you’re found negligent in the event of a breach, you could be fined up to $100,000 per violation under Canadian privacy laws. Then there are indirect costs of managing breach fallout, like client notification, investigation, business interruption, legal fees, and third-party lawsuits and damages.

Even worse? Diminished goodwill and reputational harm from the breach might even do more harm than remediation costs, especially if you don’t take swift action or notify breach victims right away. Once you’ve lost that trust, it won’t be easy to attract new clients or regain old ones.

That’s where Cyber Insurance comes in. With a comprehensive policy, you can protect your company from financial loss and get ahead of a breach without losing business momentum or taking a massive reputational hit.

What does PROLINK’s Cyber Insurance offer?

Our Cyber Insurance will cover a variety of breach remediation costs incurred by your organization, including:

  • Client notification and credit monitoring for affected parties;
  • Legal defence fees in case of a civil suit, along with funds for court-awarded damages;
  • A legal breach coach to advise you on response and regulatory compliance; and 
  • PR consulting services to manage reputational harm.

HOME & AUTO INSURANCE

ACCOUNTANTS & BOOKKEEPERS SAVE UP TO 5%

With PROLINK, you’ll find a solution that fits your needs, your lifestyle, and your budget. Plus, you can access:

Even Better Coverage:

PROLINK represents a wide network of over 30 insurers, so we can offer you a range of solutions and price points. We’ll look at all of the available options and leverage our existing partnerships to demand the best-fit coverage for your needs.

Even Better Advice:

Our team will take the time to understand your unique circumstances, explain your coverage options, and offer genuine, personalized advice to help you manage your exposures.

Even Better Rates:

Our dedicated team of advisors will regularly monitor your account so you don’t have to. If we see your premium going up over time, we’ll proactively search for a better fit to get you the coverage you need and the savings you deserve.

Even Better Service:

Count on PROLINK for any policy changes, proof of insurance requirements, and guidance through the claims process. We will advocate for your needs and answer any questions you have so that you can feel confident in your coverage.

See how much you can save on your Home & Auto Insurance!

HOME & AUTO INSURANCE

ACCOUNTANTS & BOOKKEEPERS SAVE UP TO 5%

With PROLINK, you’ll find a solution that fits your needs, your lifestyle, and your budget. Plus, you can access:

Even Better Coverage:

PROLINK represents a wide network of over 30 insurers, so we can offer you a range of solutions and price points. We’ll look at all of the available options and leverage our existing partnerships to demand the best-fit coverage for your needs.

Even Better Advice:

Our team will take the time to understand your unique circumstances, explain your coverage options, and offer genuine, personalized advice to help you manage your exposures.

Even Better Rates:

Our dedicated team of advisors will regularly monitor your account so you don’t have to. If we see your premium going up over time, we’ll proactively search for a better fit to get you the coverage you need and the savings you deserve.

Even Better Service:

Count on PROLINK for any policy changes, proof of insurance requirements, and guidance through the claims process. We will advocate for your needs and answer any questions you have so that you can feel confident in your coverage.

See how much you can save on your Home & Auto Insurance!

Get Your Free Insurance Quote:

LIFE & HEALTH

PROLINK will take the time to listen, understand your lifestyle, and guide you to the best protection possible.

Health & Dental Insurance

Supplement your primary healthcare and access the care you need, when you need it with coverage for: extended health, dental, vision, medication, massage, chiropractic, physiotherapy, travel insurance, and more.

Disability Insurance

Protect your income if you’re unable to work because of a physical injury or ailment. It doesn’t matter if it’s a temporary or permanent disability; insurance will replace anywhere from 60-85% of your monthly earnings up to a specified time.

Critical Illness Insurance

Prepare for an unexpected illness or injury with a one-time, tax-free, lump sum. Once it’s paid, how you spend it is completely up to you, whether that’s on medicine, home accessibility, or even paying off part of your mortgage.

Life Insurance

Secure a simple, straightforward solution that will help you plan ahead while still guaranteeing protection for your loved ones. If there’s anyone relying on you for income—your children, spouse, ageing parents, or even a business partner—life insurance is worth it.

LIFE & HEALTH

PROLINK will take the time to listen, understand your lifestyle, and guide you to the best protection possible.

Health & Dental Insurance

Supplement your primary healthcare and access the care you need, when you need it with coverage for: extended health, dental, vision, medication, massage, chiropractic, physiotherapy, travel insurance, and more.

Disability Insurance

Protect your income if you’re unable to work because of a physical injury or ailment. It doesn’t matter if it’s a temporary or permanent disability; insurance will replace anywhere from 60-85% of your monthly earnings up to a specified time.

Critical Illness Insurance

Prepare for an unexpected illness or injury with a one-time, tax-free, lump sum. Once it’s paid, how you spend it is completely up to you, whether that’s on medicine, home accessibility, or even paying off part of your mortgage.

Life Insurance

Secure a simple, straightforward solution that will help you plan ahead while still guaranteeing protection for your loved ones. If there’s anyone relying on you for income—your children, spouse, ageing parents, or even a business partner—life insurance is worth it.

CARING CLAIMS

If you’re lucky, you might never have to make a claim against your insurance. But in the event that you do, PROLINK will respond with urgency, empathy, and compassion. Hover over the images below to see contact options.

MON-FRI, 8AM to 5PM

Monday to Friday, 8AM to 5PM

If you have a potential claim, and would like to speak to PROLINK, please contact us directly at 1 800 663 6828. No matter the time of day, be sure to have your policy number and key details of the incident on-hand, including dates, events, and all persons and entities involved.

AFTER HOURS, WEEKENDS, HOLIDAYS

After Hours, Weekends, Holidays

Connect with our after-hours claims service, Kernaghan Insurance Adjusters at 1 800 387 5677, or contact your insurer directly and they’ll loop us in. To find your insurer’s claims department, simply open your policy wording.

If your claim is related to Professional Insurance, we strongly recommend that you wait to notify your PROLINK Account Manager during regular office hours.

MON-FRI, 8AM to 5PM

Monday to Friday, 8AM to 5PM

If you have a potential claim, and would like to speak to PROLINK, please contact us directly at 1 800 663 6828. No matter the time of day, be sure to have your policy number and key details of the incident on-hand, including dates, events, and all persons and entities involved.

AFTER HOURS, WEEKENDS, HOLIDAYS

After Hours, Weekends, Holidays

Connect with our after-hours claims service, Kernaghan Insurance Adjusters at 1 800 387 5677, or contact your insurer directly and they’ll loop us in. To find your insurer’s claims department, simply open your policy wording.

If your claim is related to Professional Insurance, we strongly recommend that you wait to notify your PROLINK Account Manager during regular office hours.

WHAT OUR CLIENTS ARE SAYING

WHAT OUR CLIENTS ARE SAYING

RISK MANAGEMENT ADVICE

For more information, check out our blog where we share our insights on insurance trends, current events, and practical tips and tricks to make the best of your coverage.

RISK MANAGEMENT ADVICE

For more information, check out our blog where we share our insights on insurance trends, current events, and practical tips and tricks to make the best of your coverage.

GET IN TOUCH

To speak to a professional who can guide you to the right coverage from the right insurer at the right price call us at:

1-800-663-6828

or send us an email below:

GET IN TOUCH

To speak to a professional who can guide you to the right coverage from the right insurer at the right price call us at:

1-800-663-6828

or send us an email below:


    Personal InsuranceCommercial EnterpriseAssociations & Affinity GroupsLife & Benefits


      Personal InsuranceCommercial EnterpriseAssociations & Affinity GroupsLife & Benefits

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