A Smarter Approach to Insurance for Texas CPAs

Insurance Coverages TXCPA Members Shouldn’t Overlook 
 

When you spend your career advising clients on risk, protection, and long-term planning, you develop a sharp eye for exposure. 
 
But even the most financially disciplined professionals can overlook gaps in their own protection strategy. 
 
That’s where TXCPA member insurance coverage comes in. 
 
Through endorsed strategic alliances with highly rated carriers*, the Texas Society of CPAs provides access to insurance solutions designed specifically for accounting professionals — with specially negotiated group pricing, flexible coverage structures, and options that reflect the real risks CPAs face in Texas. 
 
Whether you’re building your practice, raising a family, or planning your exit strategy, these coverages are designed to help protect what you’ve worked hard to build. 

 
*New York Life has received the highest financial strength ratings currently awarded to any U.S. life insurer by Standard & Poor's (AA+); A.M. Best (A++); Moody's (Aa1); and Fitch (AAA).  

Individual independent rating agency commentary as of 9/30/2025 

Group Term Life Insurance**: Income Protection for the People Who Rely on You 
 

Life insurance isn’t complicated — but it is foundational. 
 
If something unexpected happens, term life insurance provides a tax-free death benefit to your beneficiaries***. For many families, that benefit replaces lost income, pays down debt, funds education, or protects long-term financial plans that would otherwise unravel. 

 
TXCPA’s endorsed Group Term Life Insurance offers: 

• Exclusively priced group rates 
• Flexible coverage amounts 
• A streamlined online application process 
• Protection for mortgage payments, education costs, income replacement, and more  

According to LIMRA research, nearly half of U.S. households say they would feel financial strain within six months if a primary wage earner passed away.1 For CPAs — often primary earners and financial decision-makers — that risk is too significant to ignore. 

 
***Please consult a tax advisor for more information. 

Disaster Insurance: A Texas-Specific Risk Strategy 
 

Texas leads the nation in federally declared disasters.2 Hurricanes, hailstorms, tornadoes, wildfires, winter freezes — no region is immune. 
 
Traditional homeowners and renters policies are essential, but they often come with high deductibles, exclusions, and reimbursement delays. 
 
TXCPA members have access to Recoop Disaster Insurance — a multi-peril supplemental disaster policy that provides a lump-sum cash payment following a state or federally declared natural disaster. 
 
Unlike traditional property insurance, the payout is paid directly to you. Funds can be used for: 

• Temporary housing 
• Deductibles and repairs 
• Immediate living expenses 
• Business interruption needs 
  

For Texas CPAs, disaster insurance isn’t niche coverage. It’s practical financial planning in a high-exposure state. 

Long-Term Group Disability Insurance**: Help Protect Your Earning Power 
 

Your income is likely your most valuable asset. 
 
If a covered illness or injury prevents you from working, long-term disability insurance replaces a portion of your income, helping maintain stability while you recover. 
 
TXCPA’s endorsed disability coverage includes: 

• Monthly benefit options 
• Specially negotiated group pricing 
• Coverage designed for professional occupations 
• Protection for both short- and extended-duration disabilities  
  

The Social Security Administration estimates that more than one in four 20-year-olds will experience a disability before retirement age.3 Income protection isn’t pessimistic planning — it’s disciplined risk management. 
 

 
Health Insurance Options for Every Career Stage 

 
TXCPA members can access a range of health coverage options tailored to different professional and life situations, including: 

• Major medical plans 
• Short-term health coverage 
• Medicare supplement options 
• Dental and vision plans 
   

Whether you’re self-employed, transitioning between roles, launching a firm, or approaching retirement, these options provide flexibility and choice in a constantly shifting healthcare environment. 

Supplemental Coverage: Closing the Gaps 

 
Even strong health plans leave deductibles, co-insurance, and out-of-pocket expenses. 
 
TXCPA members may also access supplemental policies such as: 

• Accident insurance 
• Critical illness coverage 
• Group Hospital Indemnity Insurance 

 
These policies pay cash benefits directly to you, helping cover unexpected expenses without draining savings or disrupting investment plans. 
 

Professional Liability Insurance: Protecting Your Practice 

 
For CPAs, professional liability insurance isn’t optional — it’s essential. 
 
TXCPA members have access to specialized coverage designed specifically for accounting professionals, including: 

• Errors & omissions protection 
• Defense cost coverage 
• Options tailored by firm size and services offered 

 
In a profession built on trust and precision, liability protection safeguards your reputation, your firm, and your long-term financial stability. 
 

 
Cyber Insurance: Managing Modern Risk 

 
Today’s accounting firms manage enormous volumes of sensitive financial data. A single breach — whether through ransomware, phishing, or compromised email — can create regulatory exposure, financial loss, and reputational damage. 
 
TXCPA’s cyber insurance solutions can help cover: 

• Data breach response costs 
• Client notification and credit monitoring 
• Cyber extortion and ransomware events 
• Business interruption following covered cyber incidents 

 
In an increasingly digital profession, cyber risk management is no longer optional.

 
 
A Smarter Way to Help Strengthen Your Personal Risk Strategy 

 
Every stage of your career introduces new responsibilities — and new exposures. 
 
TXCPA’s endorsed insurance programs are designed to give members access to high-quality, exclusively priced protection across life, health, income, property, and professional risk categories. 
 
The goal isn’t to sell coverage. It’s to give Texas CPAs access to tools that support disciplined, strategic planning — the same kind of planning you provide to clients every day. 
 
To review available options**** and eligibility, visit: https://txcpainsure.org/ 
 
 
Sources 
1. LIMRA & Life Happens. 2025 Insurance Barometer Study. 
2. FEMA. Declared Disasters by State. 
3. U.S. Social Security Administration. Disability Facts.