Filed Under:Risk Management, Corporate Risk

Professional Liability Coverage For Tax Preparers

Dan Reed is second vice president of professional liability for Travelers Bond & Financial Products.
Dan Reed is second vice president of professional liability for Travelers Bond & Financial Products.

Monday, April 18th is the tax deadline for U.S. citizens, which means it's officially crunch time for tax preparers and accountants.

But what happens if the rush to the finish line results in errors by these professionals? To discuss some of the ways professional liability insurance might intervene, we spoke with Dan Reed, second vice president of professional liability for Travelers Bond & Financial Products.

In the interview, Reed explains the exposures faced by tax and accounting professionals, the repercussions they face if something goes awry, real-world examples, and the things that agents can do to educate these potential clients and guide them in choosing the appropriate coverage.

To listen to the conversation, click the play button below.

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