Pre Header Astwood Insurance Get a Quote Spanish Get an Auto Quote Get a Home Quote Get a Business Quote Get a Life Quote Get a Health Quote
  • Home
  • Get A Quote
    • Annuities
    • AutomobileImage of right arrow
      • Auto Insurance Quote
      • Mexico Travel Insurance Quote
      • Auto Quote Form (short)
    • Bonds
    • Business & CommercialImage of right arrow
      • Commercial Auto Insurance Quote
      • General Liability Quote Form
      • Business Owners (BOP) Quote Form
      • Liquor Liability Quote Form
      • Workers Compensation Quote
      • Cyber Liability Insurance
      • Technology Insurance
      • Lawyers E&O Insurance
      • Free Consultation Request
    • Earthquake
    • Flood
    • HealthImage of right arrow
      • Health Insurance Quote
      • Disability Insurance Quote
      • Long Term Care Insurance Quote
    • HomeownersImage of right arrow
      • Homeowners Insurance Quote
      • Manufactured Home Quote
      • Homeowner Flood Quote Form
    • LifeImage of right arrow
      • Life Insurance Quote
      • Term Life Insurance Quote
    • Motorcycle
    • Renters
    • Tax
  • Customer Service
    • AutomobileImage of right arrow
      • Request ID Card for Auto Policy
      • Send Declaration and Coverages Information to Lien Holder
      • Add Vehicle to Existing Auto Policy
      • Remove Vehicle from Existing Auto Policy
      • Add Driver to Existing Auto Policy
      • Remove Driver from Existing Auto Policy
    • Business & CommercialImage of right arrow
      • Request ID Card for Commercial Auto Policy
      • Add Vehicle to Existing Commercial Auto Policy
      • Remove Vehicle from Existing Commercial Auto Policy
      • Add Driver to Existing Commercial Auto Policy
      • Remove Driver from Existing Commercial Auto Policy
    • Homeowners
    • OtherImage of right arrow
      • Policy Review Request
      • Careers
  • Blog
  • Make a Payment
  • Resources
    • Secure File Area
    • Refer a Friend
    • Important Links
    • Calculators
    • Insurance Glossary
  • About Us
    • About Astwood Insurance, LLC
    • Our Locations
    • Employee Directory
    • Privacy Policy
  • Contact
    • Contact Us
    • Join Our Newsletter
Get an Instant Quote TYPE OF INSURANCE ZIP CODE  
Insurance Auto Insurance Home Insurance Life Insurance Business Insurance Retirement Planning
Home > Tax Services Home

Tax Services


Tax Services Quote Forms

Looking for coverage? Click any of the following links to submit a quote for quick, accurate and affordable rates.

Tax Help Request Form

Tax Services Information

There isn't much room for error when preparing a client's taxes. But no matter how careful you are and how many systems of oversight you’ve developed, mistakes and misunderstandings can occur. When preparing taxes for clients, your mistakes might not just inconvenience your customer but could also make them lose money and result in IRS penalties or audits. When this happens, you could quite easily face a lawsuit.

Professional liability insurance (E&O) covers this specific threat to your livelihood. Not only does E&O cover the cost of defending yourself against a lawsuit but it can also cover claims awarded to your clients (including for IRS penalties and interest) within limits.

E&O insurance policies for tax preparers and other professionals have two limits. One limit, the smaller of the two, is the per incident limit. This is the maximum the policy will pay out for an individual incident. The second and larger limit is the per policy limit, which is the maximum total payout in a policy year for all claims. Your policy will also have a deductible that you must pay out of pocket for each claim. Higher deductibles will reduce the cost of your premiums, but they can create a larger financial burden on you if you have multiple claims in a year.

In addition to professional liability insurance, tax preparers should protect their business property through a commercial property insurance policy. This will provide some general liability coverage in the event that an individual is injured or their property is damaged on your premises. The policy will also provide some compensation when your building or contents are damaged in a covered incident. 

 
Home
Who We Are
Our Carriers
Map & Directions
Get a Quote
File a Claim
Make a Payment
News Center
Contact Us
Auto Insurance
Home Insurance
Commercial Insurance
Life Insurance
Health Insurance
Retirement Insurance
Insurance Glossary
Policy Review
Social Media

Astwood Insurance, LLC
287 East 950 South
Orem, UT 84058

8537 S. Redwood rd suite a
west jordan, ut 84088

PH: 801.224.0165
FX: 866.950.3070
 

LinkedIn Twitter Google+