California Tax Preparer
Errors and Omissions Insurance

Tax season is busy. Even the most careful tax preparer can make a mistake or simply be accused of making a mistake. Most issues will be resolved amicably and without incident, but unfortunately, sometimes that just isn't the case.

That is why it is important for you to consider tax preparer Errors and Omissions insurance coverage for youself and your tax preparation business employees. Error and Omissions insurance covers monetary damages you and your named employees may be required to pay in case of negligent acts, errors or omissions resulting from the preparation of individual, partnership, corporate or fiduciary, city , county, state or federal tax returns, even if the claim or suit is groundless, false or fraudulent.

CTEC requires all tax preparers to maintain a $5,000 tax preparer bond. But that the bond protects the public, and not you, the tax preparer. Tax preparer E&O insurance coverage gives you peace of mind at an affordable price.

Program Highlights:

*Affordable annual premiums.
*10% discount if you are an enrolled agent OR a tax preparer association member.
*15% discount if you are an enrolled agent AND a tax preparer association member.
*Complimentary 1-year retroactive coverage.
*Additional options for 2-year retroactive coverage, bookkeeping coverage and extended reporting coverage available.
*This is a claims-made policy. $250 Single loss, $500 Annual Aggregate Deductible Applies. Defense limits inside coverage.

Download Application

It's not too late to get covered for the 2016 tax season.
Email or fax your completed application to 619-461-8467 today.

Rates subject to change without notice.
Application may require underwriting approval.

ANNUAL PREMIUMS
E&O insurance - Single/Aggregate Limits
No. of Employees $10,000 /
$20,000
$25,000 /
$50,000
$50,000 /
$100,000
$100,000 /
$200,000

1-3

$182

$363

$556

$737

4

$226

$451

$686

$909

5

$270

$539

$817

$1086

6

$314

$627

$947

$1260

7

$358

$715

$1078

$1434

8

$402

$803

$1209

$1608

Each
Additional

$44

$88

$131

$174

Additional Coverages - Single/Aggregate Limits
Coverage Option $10,000 /
$20,000
$25,000 /
$50,000
$50,000 /
$100,000
$100,000 /
$200,000

1 year retroactive

complimentary

2 year retroactive

$125

$250

$375

$500

Bookkeeping 1-10%

1.15 factor

Bookkeeping 11-25%

1.25 factor

Bookkeeping 25%+

1.33 factor

Extended Reporting

0.5 factor

Tax Preparer E&O Insurance Discounts

Enrolled Agent

0.9 factor

Tax Preparer Association Member

0.9 factor

Enrolled Agent AND Tax Preparer Association Member

0.85 factor

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BLUEWATER SURETY INSURANCE AGENCY- #0F09630
(619) 461-8469