How much does tax preparer insurance cost in South Dakota? (2026)

Recent rate-filing activity — 2 state filings across 1 commercial line

Commercial carriers can't charge whatever they want — each state's Department of Insurance must approve loss-cost filings before they take effect. These are primary-source, government-held records available on SERFF Filing Access. Cited below: the most-recent active filings affecting tax preparer operations, each cited to the regulator or bureau filing it came from.

Source: SERFF Filing Access (filingaccess.serff.com) — the official public-records interface for state Department of Insurance filings. Loss-cost changes shown are the overall bureau-wide change in each state; the actual impact on your quote depends on your class code, payroll, experience modifier, and carrier-specific loss-cost multiplier (LCM). Get a quote for your exact numbers.

National context — Tax Preparer insurance overview

Our own quote data shows tax-preparation firms most request two coverages a generic business policy never leads with: errors and omissions (professional liability) and cyber. E&O responds when a mistake on a return or a missed deadline leaves a client facing penalties and interest; cyber matters because preparers hold Social Security numbers and financial data — and under the FTC Safeguards Rule, tax preparers are treated as "financial institutions" legally required to maintain a written information-security program. Cyber insurance is the financial backstop to that duty.

As an industry-typical estimate, a small tax-prep firm runs roughly $1,000–$4,000+/year across errors & omissions, cyber, a BOP or general liability, and payroll-rated workers' compensation — more with more preparers or year-round advisory work. No insurance bureau publishes tax-prep premiums, so every dollar here is an estimate; each coverage fact is sourced to a named authority (III, FTC). Use the calculator below, then get a real quote in 5 minutes.

Industry-typical market ranges (national)

Sourced from III, NCCI, ISO, NAIC, BLS, FMCSA, FDA, NRA — government and bureau publications, not from our quote form

Coverage lines a tax-preparation firm typically carries (industry-typical estimates):

• Errors and omissions (professional liability): the co-defining line — defends a mistake on a client's return, a missed filing deadline, or the resulting penalties and interest. III professional liability.
• Cyber: preparers hold SSNs and financial data; the FTC Safeguards Rule requires a written security program, and cyber covers breach response and notification. FTC Safeguards Rule, III cyber liability.
• General liability / BOP: third-party injury and property damage, bundled with office property. III commercial general liability.
• Workers' compensation: required in most states once the firm hires (seasonal preparers count). III workers comp.

Number of preparers, advisory vs. seasonal mix, and volume of client PII are primary rating factors.

For South Dakota-specific direction, see the filed-rate table above.

Get your actual South Dakota quote in 5 minutes

The data above is regulator-filed direction. Your actual South Dakota quote depends on class code, payroll, experience modifier, and the LCM each carrier files.

More South Dakota rate-filing detail

• All South Dakota commercial rate filings (every line, every recent filing) — the broader rate-data view for South Dakota
• Rate filings by state — directory of all 47+ states with active filings
• National Rate Change Tracker — every filing across every state, sortable

Get a real South Dakota quote for tax preparer

The data above shows the regulator-filed direction for South Dakota. For your actual quote — based on payroll, experience modifier, and the LCM each carrier files — request a free quote in under 90 seconds.

Related guides

• General Liability glossary entry
• Class Code glossary entry
• Our sourcing methodology

Sources cited (national context above)

1. Professional Liability Insurance — Insurance Information Institute (III), 2024
2. FTC Safeguards Rule: What Your Business Needs to Know — U.S. Federal Trade Commission (FTC), 2024
3. Cyber Liability Risks — Insurance Information Institute (III), 2024
4. Workers Compensation Insurance — Insurance Information Institute (III), 2024