541213

Tax Preparation Services

Cyber Liability Insurance for NAICS 541213

CYB

Ranked reasons a business in NAICS 541213, Tax Preparation Services, needs Cyber Liability coverage. Each reason is specific to how this industry actually loses money, and ends with the question to ask before the objection comes up.

  1. 01

    Refund fraud uses exactly the data you hold.

    • Stolen client data supports fraudulent returns filed before the real one.
    • Preparers are a known target for exactly this reason.
    • Clients discover it when their legitimate return is rejected.
    ASK
    What would a fraudster be able to file with the data in your systems?
  2. 02

    Federal rules require a written security plan.

    • Tax preparers must maintain a written information security plan.
    • That requirement is a condition of holding a preparer identification number.
    • Failures affect the ability to file returns at all.
    ASK
    Do you have a written information security plan as required for preparers?
  3. 03

    Filing deadlines are statutory and immovable.

    • Deadlines are set by law and do not move for your systems.
    • Client work compresses into a narrow window.
    • Late filings cost clients penalties and interest.
    ASK
    How many client returns are due in your busiest filing period?

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