Top 5 Reasons Every Accountant Should Have E&O Insurance Top 5 Reasons Every Accountant Should Have E&O Insurance Errors and omissions (E&O) insurance policies cover professionals, including accountants, for their losses or liabilities if they make a mistake or commit malpractice. Although it can be uncomfortable to think about needing this kind of protection, E&O insurance is a vital part of your overall professional plan. Here’s why you should purchase coverage early and ensure that you maintain it through your career.
A Client Threatened to Sue Me. What Should I Do? A Client Threatened to Sue Me. What Should I Do? It’s perhaps easiest to start with the one thing not to do when a client threatens to sue you: ignore them. Although a threat is a long way from an actual lawsuit, taking the threat seriously will allow you to prepare for whatever may follow. Even if you don’t believe your client’s claim has any merit or doubt their willingness to follow through with their threat, informing your professional liability insurer is an important first step in protecting yourself.