Capitol Special Risks offers a tailored Bookkeeping Insurance program designed for agents and brokers looking to place reliable, comprehensive coverage for bookkeeping professionals. With access to multiple carriers and a broad underwriting appetite, Capitol Special Risks helps you secure the right protection for your clients across a wide range of bookkeeping and accounting-related exposures.
Ideal Accounts and Appetite
Capitol Special Risks can help you place coverage for independent bookkeepers, small bookkeeping firms, and other accounting support professionals. This program is ideal for:
- Freelance and contract bookkeepers
- Small firms providing bookkeeping, payroll, and financial reporting services
- Bookkeepers who handle sensitive client financial data
- Practices with 1–20 employees, including temporary staff
This program is not limited to any one industry and can accommodate bookkeepers servicing a wide range of business types. If your client offers remote bookkeeping, cloud accounting, or onsite services, they may be a fit.
Coverage Highlights and Advantages
Capitol Special Risks provides access to multiple markets offering a mix of Professional Liability, General Liability, and Business Owners Policy (BOP) options. Key features include:
Professional Liability
- Defense costs within policy limits
- Deductible options from $0 up to $10,000
- Covers work performed by employees
- Retroactive coverage available
- Automatic renewals for ongoing ease
- Aggregate limits up to $2 million
- Minimum premiums starting around $270 per year
General Liability
- Occurrence limits up to $2 million
- No deductible
- Defense costs outside of limits
- Covers employees and temporary staff
- ISO-based policy forms
Business Owners Policy (BOP)
- Up to $2 million occurrence limit
- Business contents coverage up to $100,000
- Building coverage up to $500,000
- Electronic data losses covered up to $10,000
- Coverage for interruption of computer operations up to $10,000
- Business income protection for up to 12 months
- Optional upgrades including crime, data liability, and HNOA
- Premiums starting at approximately $500 annually
- ISO-based forms
Underwriting Notes and Minimum Premiums
Capitol Special Risks offers flexibility in deductible selection and can accommodate retroactive dates. Minimum premiums vary depending on the coverage selected, but entry-level pricing starts as low as $270 for basic professional liability options. Quick underwriting turnaround and no broker fees make this program highly accessible for agents seeking speed and value for their clients.
Territories and Availability
This program is available in most U.S. states, including but not limited to CA, TX, FL, NY, GA, IL, and WA. Capitol Special Risks works with both admitted and non-admitted markets, depending on the state and risk profile. Currently, coverage is available in all states except for a small number; contact Capitol Special Risks for specific state eligibility.
Why Work With Capitol Special Risks?
As a wholesale broker with extensive experience in professional liability and niche E&O risks, Capitol Special Risks offers agents a knowledgeable partner with access to multiple carriers and programs. Their team understands the unique exposures facing bookkeeping professionals and provides fast, efficient service with no broker fees.
You might have a client who recently started a virtual bookkeeping business or a long-standing firm that’s expanding into payroll services—they both need tailored protection. Capitol Special Risks can help you place these accounts quickly and competitively.
Call Capitol Special Risks today to learn more about how their Bookkeeping Insurance program can help you protect your clients and grow your book of business.
In CA, Capitol Special Risks, Inc. dba: Capitol Special Risks Insurance Service - CA Fire & Casualty Agency - #0C46094
Frequently Asked Questions
What types of accounts are a good fit for this program?
This program is ideal for freelance bookkeepers, small bookkeeping firms, and financial support professionals handling sensitive client data or providing payroll and reporting services.
Is retroactive coverage available?
Yes, retroactive coverage is available for qualifying risks, providing protection for prior acts depending on underwriting approval.
Are temporary or part-time employees covered?
Yes, both General Liability and Professional Liability options can include coverage for temporary and part-time staff.
What are the minimum premiums for this program?
Minimum premiums vary by coverage, but Professional Liability starts around $270 per year and BOP options start around $500 annually.
How quickly can I get a quote?
Capitol Special Risks offers fast turnaround times and does not charge broker fees, making it easy to get quotes quickly for your clients.
Need help placing an account? Connect with a market specialist.