Professional liability insurance for tax attorneys — where an opinion, filing position, or planning error can generate penalties and interest that compound for years before a claim surfaces. Backed by an A+ rated carrier, limits to $5M.
Every practice has its own claim patterns. Coverage is only useful when it's matched to the way your work actually generates risk.
A missed election, deadline, or filing position can trigger penalties and interest — concrete damages a client will pursue against the advisor.
Tax opinions carry real exposure. If a position is disallowed, the resulting liability and penalties can become a significant claim.
Estate, corporate, and transactional tax planning errors may not surface until an audit or transaction years later — a long claims tail.
Hypothetical, generic illustrations — not actual claims, and not a statement of coverage.
A beneficial tax election or deadline is missed, and the client alleges the resulting penalties and interest were avoidable.
A tax position taken on the firm's advice is disallowed, and the client alleges resulting liability.
A transaction structure is challenged, and the client alleges a more favorable structure was available.
Scenarios on this page are generic, hypothetical illustrations of the kinds of allegations that can arise in this practice. They are provided for educational purposes only. They are not descriptions of actual claims and are not a representation that any particular claim is, or would be, covered. Whether any claim is covered depends entirely on the facts and the terms, conditions, and exclusions of the issued policy.
Coverage for tax attorneys is underwritten by a carrier rated A+ (Superior) by AM Best, with limits up to $5 million and deductibles as low as $2,500. Defense-cost options can sit outside your limit — so defending a claim doesn't erode the protection you bought.
Coverage placed with a carrier rated A+ (Superior) by AM Best.
Meaningful limits for firms of one to twenty attorneys.
Additional defense-cost options that can sit outside your limit.
Talk to a person at 1-855-348-7475, not a call tree.
Tax law is a strong fit for this program. Coverage is written for the opinion- and planning-driven nature of tax practice, which carries a long claims tail.
Lawyers professional liability insurance — also called legal malpractice or errors & omissions insurance — protects attorneys against claims that an error, omission, or act of negligence in their professional work caused a client financial harm. For tax attorneys, the specific exposures above drive the frequency and severity of claims, and the policy responds to both the cost of defense and any damages owed.
Nearly all legal malpractice coverage is written on a claims-made basis, meaning the policy responds to claims first made during the policy period for work done after your retroactive date. Continuity matters: predecessor firm coverage and prior-acts protection preserve coverage for work your firm has already performed.
The financial strength of the carrier behind a professional liability program matters. This program is backed by a carrier rated A+ (Superior) by AM Best, the second-highest of AM Best's financial strength ratings. Coverage terms are governed solely by the issued policy.
A+ rated professional liability for firms up to 20 attorneys, nationwide. Start your quote in minutes.
