Master D&O Insurance Strategies Transform Your Accounting Firm
Cost Considerations and Financial Planning
The cost of D&O insurance can vary significantly based on factors such as the size of your firm, the industry sector, and the firm's claims history. On average, small to medium-sized accounting firms might expect to pay between $5,000 and $10,000 annually for a standard D&O policy1. However, investing in a comprehensive policy can save your firm from potential multi-million dollar lawsuits, making it a critical investment in your firm's longevity and stability.
Additionally, some insurers offer discounts for firms that demonstrate strong corporate governance practices or have not filed any claims in recent years. It's worth exploring these opportunities to reduce your premiums while maintaining robust coverage.