When was the last time you reviewed your Errors & Omissions insurance coverage? Many RIAs neglect to regularly review their professional liability insurance coverage. But change is a part of life and it’s important to make sure your E&O insurance coverage reflects your current situation and provides the right type and amount of protection.
Does your current E&O policy cover all of the financial advisory services you provide? Perhaps you added additional services for your clients over time. A lot can change in just one year! It’s important to make sure your level of professional liability coverage reflects the current mix of services you provide. January is a great time to spend a few minutes and assess your current insurance needs. We’re here to help!
Does your current coverage share limits with other RIAs? Other insurance programs may actually have separate RIAs sharing a single limit of liability. What is your retention? Is yours an amount you are willing and able to pay even when defending a baseless lawsuit or arbitration? We offer a wide range of coverage options and affordable premiums. And we’re here to answer your questions about E&O coverage and help you understand the best ways to help protect yourself against claims.
It’s a fact: Investment Advisors are under growing regulatory scrutiny and are increasingly facing legal action for the services they perform. And that legal action can be costly, even when the claim is a frivolous one. One claim can be financially devastating to a financial advisor. That’s why we offer a competitive Errors and Omissions Insurance program for RIAs. You can apply for coverage in minutes, and eligible applicants can be bound instantly! Questions about E&O? We want to hear from you! Call us at (800) 745-7189 Monday – Friday, from 7 a.m. to 5 p.m. PST.