How much does Accountant & CPA insurance cost in Richmond, Virginia?

The estimated annual cost for a Accountant & CPA in Richmond with one employee is between $500 and $735. The state base rate is $930.

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

In Virginia, businesses are subject to a 5.3% insurance tax. Accountant & CPAs typically need General Liability due to a risk factor of 0.6.

Accountant & CPA Insurance Cost in Richmond, Virginia (2026 Guide)

Estimated Cost (2026)

Adjust based on your team size

Number of Employees1

Just me (1)Team (20)

$500-$735

Estimated Annual Premium

Monthly Average Breakdown

$49 / 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$930
Richmond Multiplier1x
State Tax Rate5.3%

Local Compliance FAQ

Is General Liability required in Richmond?

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

Why is the rate different here?

Your premium reflects Virginia's specific base rate of $930 and a local city multiplier of 1x.

Compare Accountant & CPA Insurance in Other Virginia Cities

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How much does Accountant & CPA Insurance cost in Richmond?