Category Archives: Work Place Health & Safety

Work Place Health & Safety

How To Avoid A Lawsuit As An Accountant

/ December 4, 2017/ Work Place Health & Safety

There is a very obvious double-egded-sword which we haven't discussed yet, which may not be readily apparent to people reading this; Insurance. Most accountants have some form of Errors and Omissions Insurance which can be used to defend your practice in many cases, but this comes with its own dangers. The average compensation awared to a business when suing its accountant is much lower if the accountant has no insurance.. Better insurance means lower personal monetary liability, but also makes your firm a target for lawyers to sue, as they know they will get The average compensation awared to a business when suing its accountant is much lower if the accountant has no insurance.