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Accounting and bookkeeping firms sit on client banking, tax data, and payment authority. That makes you a high-value target for wire fraud and data theft, especially at tax time. I help you find the gaps in your cyber and E&O, then look at the whole firm's program together.
The exposure
You hold the data criminals want most: banking details, tax records, and the authority to move money. That is a target profile.
Spoofed client or vendor emails redirect payments you process. Voluntary transfers are often excluded or capped low.
Tax records, SINs, and banking details are gold to criminals. Exposure triggers notification duties and client fallout.
Locked files during tax season or year-end can miss filing deadlines and freeze billing when it matters most.
Your tax software, portals, and cloud tools hold client data. Their breach becomes your exposure.
A cyber event that causes a client financial loss can become a professional-liability claim, not just a breach.
Does your current policy actually cover this, at a limit that matters? Let's find out →
A composite Canadian case
Composite cases drawn from Canadian SME claims patterns. Each had insurance. Each found the gap too late.
A staffer under deadline pressure wired funds against a spoofed vendor invoice. The general policy excluded cyber; the endorsement capped social engineering at $10K, and no MFA meant the claim was denied.
A ransomware event exposed client tax files. The firm had to notify clients and absorb the reputational hit during filing season.
A breach delayed filings and a client was assessed penalties. The client pursued the firm for the loss, an E&O exposure.
The whole tower, one broker
Cyber is where we start, because payment fraud and client data are the gaps most firms underinsure. But your professional liability, your office package, and your crime cover shouldn't sit with brokers who never compare notes. I place the full program so it lines up.
One review. One broker who sees the whole firm. Fewer gaps, and usually a cleaner price.
Review my whole programNo pressure, no obligation
Already carry cyber and E&O? I'll review the wording and flag the gaps. Don't have it, or want the whole firm looked at? I'll walk you through your options with no obligation.
Book a free 20-minute call, or use the form below:
Insurance services are provided by St. Andrews Insurance Brokers Ltd., a licensed Ontario insurance brokerage. J.R. Genua is a Registered Insurance Broker with St. Andrews. CyberInsuranceBroker.ca is an independent educational resource; no coverage is bound here.