Tax Preparers’ Cyber Liability Insurance Program
NEW Affordable Cyber Liability Insurance for Tax Professionals Available to PTIN Registrants
BONUS: Policy Includes Proactive Breach Education and Swift Remediation for You and Your Clients
What Every Tax Professional Needs – This Policy Protects You from:
Third Party Data Breach • Hacker & Virus Attacks • Tax Fraud from Stolen Client Data • Forensic Costs • Regulatory Fines • Loss of Client Funds • Notification Costs • Business Interruption • Data Restoration
The Tax Preparers’ Cyber Liability Insurance Program is made possible through the endorsement of PTIN.ORG – The National Directory of Registered Tax Return Preparers & Professionals, Maximus Insurance Agency and Lloyd’s of London. This program is offered to any PTIN member that meets the criteria required through the application process and is eligible for a premium discount.
The cyber liability policy insures the tax preparer, partners and their employees against unintentional data breach which is an incident resulting in the unauthorized disclosure or potential exposure of sensitive or protected data. Lost data may involve private information such as Social Security number, bank account details and credit card numbers, and other personal information.
Rates for a single tax practitioner start at less than $400/year. Rates vary on a state by state basis and are determined by the number of owners and employees in the firm. The policy is offered by Lloyd’s of London.
To find out how much your policy will cost, please find your name and submit.
Tax preparers must implement security and privacy practices that are appropriate for the size, complexity, nature and scope of their business activities. The IRS Publication 4557, Safeguarding Taxpayer Data – A Guide for Your Business, contains information to help non-governmental businesses, organizations and individuals to understand and meet their responsibility to safeguard taxpayer information.
Disclaimer: This website contains a brief summary of coverage and policy provisions and not intended to constitute a binding contract. All statements herein are subject to the provisions, exclusions and conditions of the policy which shall govern coverage provided. Our policy is designed exclusively for tax preparers engaged in tax preparation work and bookkeeping services.