Nationwide Accounting Office Insurance Just Adds Up

You probably have questions about the best ways to protect your accounting office. Here are a few of the most commonly asked questions related to business insurance for accounting offices. Contact a Nationwide agent to help answer additional questions.

(Please note all coverage may not be available in all states.)

Q: How does Nationwide understand that accounting and bookkeeping offices are different from other businesses?
Your clients are trusting you with their money. And for you to be able to deliver on their expectations, you need to make sure their records – both paper and electronic – are protected. We have coverage for that and many other of the needs specific to your business.

Q: What specific coverages do accounting and bookkeeping offices need?
A: Here are some of the coverages you should consider:

Valuable Papers and Records Coverage
Equipment Breakdown Coverage
Money and Securities Coverage
Electronic Data Processing Coverage
Employee Dishonesty Coverage
Property Coverage
General Liability Coverage
Accounts Receivable Coverage
Business Automobile Coverage
Business Umbrella Coverage
Q: Does Nationwide offer these coverages for my accounting business?
A: Yes

Q. What can I expect from Nationwide?
A: Our agents will deal with you directly making insurance a stress-free experience:

We understand you work long hours, including weekends. This leaves little time to shop or even think about insurance. Which is why we will come to you when it is convenient for you with solutions in hand.
We understand you need the best coverage for the best price. After all, the bottom line is important. By thoroughly understanding your business, we make sure you receive all qualifying discounts.
You work hard to make your business a success. Insurance shouldn’t be something you have to worry about. We can shoulder some of your burden so you can put more energy into your business.
Q: Does Nationwide offer Professional Liability Coverage (Malpractice Coverage) for accountants and bookkeepers?
A: Nationwide does not offer Professional Liability Coverage, but we can work with a partner company to offer a solution for your business.

Q: What type of coverage is often overlooked for accountant and bookkeeping offices?
Equipment Breakdown Coverage – Offices typically have expensive communication equipment, such as telephone systems and computer networks. If they break down, replacement can be costly. Most insurance companies automatically include this coverage, but some require that it is separately added. Make sure you ask your agent about this coverage.

Flood insurance – Nationwide does not offer flood insurance, but your agent can connect you to the National Flood Insurance Program, which is government-sponsored insurance that offers up to $500,000 in coverage.

Q: Can Nationwide meet all of my insurance and financial needs?
A: Yes, we offer a full range of personal and business insurance products. We also offer financial services, mortgage and banking services. This means we can cover your home, personal autos, business vehicles, workers compensation, life insurance, business property and liability, personal and commercial umbrella, mortgages and investments.

Q: What is umbrella insurance?
A: It’s a way to add higher limits to your existing insurance. For example, if your current liability policy covers a $1 million lawsuit and you are successfully sued for $2 million, umbrella insurance can cover the difference. Best of all, we can provide this excess liability coverage over your business vehicles as well as your business liability.

Q: How do I pay my premiums?
A: Various options are available, including monthly and quarterly. Contact an agent to work out the best plan for your business.

Q: What do I do if I have a claim?
A: You can:

Call us 24/7 at 1-800-421-3535
Visit our claims center
Or call your agent
Q: How is Nationwide rated, and what does the rating mean?
A: Nationwide is rated A+ (Superior) by A.M. Best, an independent insurance benchmarking group. Only companies that have a superior ability to meet their ongoing obligations to policyholders earn this high rating.

Q: What can you do to help me as my business changes?
A: We offer free, periodic insurance reviews, called Nationwide Care ReviewsSM, to make sure your insurance is keeping up with your business. Plus, we always stay in tune with new trends affecting your industry, so we can adapt our coverages to provide the best protection for your business.

Q: Does Nationwide offer pollution coverage?
A: Not at this time, but your agent can help you determine the coverage that is right for your business and help steer you in the right direction to purchase it.

Q: Can business insurance cover my signs?
A: Since your signs are such an important part of your visibility, we can cover them – from damaged caused by vandalism, theft, lightning and car accidents – so you have one less thing to worry about.

Q: How can I find a Nationwide agent?
A: By using whatever method works best for you:

Use our Professional Locator
Look in the yellow pages
Ask a friend or business associate for a recommendation