A Season of Giving: Why the Holidays Are the Perfect Time for Accountants to Review Their Professional & Commercial Coverages

With festivities and celebrations all around us, we’re almost at the end of 2024 – many are celebrating and reflecting upon what’s important. Accountants, however, are likely to be piled up in papers and working on closing books for their clients, optimizing tax strategies, and ensuring everything is going well for the year to end smoothly. So, while you’re doing all of that, don’t forget the most important aspect of your business – insurance. With the holiday season upon us, it is the perfect time to ensure that your policies are up to date, entering the new year with complete peace of mind. Here’s why reviewing your coverage now is crucial. 

Increased hustle, Increased risks

The holiday season can be quite galloping. Your clients probably have you on extremely tight deadlines and here’s the fun fact – even the smallest errors can turn costly. Therefore, ensuring your Errors and Omissions Insurance has adequate coverage is crucial. This way, you are protected against any potential legal claims from a client who is unhappy with your service – even if the mistake was unintentional. 

Winter Weather

With holidays falling during the winter season, your office is often left unattended. What happens if there’s a heavy storm, or even power outages that can disrupt your regular operations at the office? It could be disastrous.  

Therefore, ensure that your Business Interruption Insurance is in place. So that when a storm or a power outage hits, possibly halting your operations – your costs like rent, utilities, and employee salaries are covered. Severe weather changes can cause delays and even office shutdowns – and you don’t want to risk losing income because of it. 

You’re Not Available – We Get It! 

The holiday season is busy. That’s the only time professionals get away from work, spending time with their loved ones. But is it worth it if you’re worrying about your practice the entire time? No. With the right insurance coverage in place, you can give yourself the peace of mind that even if something goes wrong, you’re covered.  

Start the New Year with Peace of Mind

Before the year ends, reflect upon yourself; your practice, your goals, AND your insurance. Have you expanded your practice? Have you gotten more clients? Are you providing more services? More clientele and services depict greater risk – making it crucial for you to review your coverage and ensure that it will be sufficient for the coming year. Remember, it’s better to review your policy before the year starts – rather than make changes when an accident happens.  

This holiday season, take a minute to review your policy to ensure peace of mind throughout the year. Its a busy season, therefore, ensure you’re fully covered for winter risks, interruptions, and the year ahead. 

If you’re looking for an Insurance expert who could help lay down all the options that are just right for you, feel free to get in touch with us – We are here to Protect You Better! 

For expert advice, contact Shayne Bevilacqua at Professional Liability Insurance Group.  
Call or Text us at +1 (877) PLIG – 123, That’s (877) 754 – 4123.