How much does Accountant & CPA insurance cost in Chicago, Illinois?

The estimated annual cost for a Accountant & CPA in Chicago with one employee is between $796 and $1171. The state base rate is $1050.

What insurance is required for a Accountant & CPA in Illinois?

In Illinois, businesses are subject to a 6.3% insurance tax. Accountant & CPAs typically need General Liability due to a risk factor of 0.6.

Accountant & CPA Insurance Cost in Chicago, Illinois (2026 Guide)

Estimated Cost (2026)

Adjust based on your team size

Number of Employees1

Just me (1)Team (20)

$796-$1171

Estimated Annual Premium

Monthly Average Breakdown

$78 / mo

Includes General Liability

Industry Risk Profile

Accountants have near-zero physical risk but absolute necessity for Errors & Omissions (E&O) insurance to cover financial calculation mistakes.

Risk Factor0.6x

Location Factors

State Base Rate$1050
Chicago Multiplier1.4x
State Tax Rate6.3%

Local Compliance FAQ

Is General Liability required in Chicago?

While Illinois law may not mandate it for all businesses, Accountant & CPAs often need proof of insurance to bid on local commercial projects in Chicago.

Why is the rate different here?

Your premium reflects Illinois's specific base rate of $1050 and a local city multiplier of 1.4x.

Compare Accountant & CPA Insurance in Other Illinois Cities

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