Insurance Solutions for Investment Advisers

 

Investment Advisor Insurance provides you one stop for all your professional insurance needs including Errors & Omissions Insurance, Fiduciary Liability Insurance, and Investment Advisor ERISA Bonds.

Addressing the insurance needs of Investment Advisors and other Financial Professionals

NAPLIA is changing the way financial professionals buy insurance.

Investment Advisors, Plan Consultants, Broker Dealers, and other Financial Professionals face an increased risk of claims for their professional services.

ERISA continues to broaden the definition of "who is a fiduciary" and for Investment Advisors and Financial Professionals the transfer of risk to insurance policies is the most effective risk management.

NAPLIA represents the leading insurance markets serving the investment and financial industries.  We  represent your best interests and provide you with multiple quotes to make the most informed decision.

Policies are available to help protect Investment Advisers from claims alleging mismanagement of customer accounts, breach of fiduciary duty, ERISA liability, employee fraud, acceptance of invalid investments and similar errors and omissions in rendering professional services to customers.

ERISA Sec 412 - Bond Requirements

"Bonding is required where and advisor has the authority to direct the plan trustee to pay the advisors fee." - Marcia Wagner, ERISA Attorney - Read the full legal opinion

Inform your clients regarding Fiduciary Insurance

NAPLIA has developed a universal "Fiduciary Acknowledgement Form" to assist you in informing your clients about the benefits and value of Fiduciary Insurance.  This is not only a benefit to your clients, but a practical Risk Management Practice for your firm.
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Using your E&O insurance to market your firm

Gaining new clients, and maintaining your existing clients, is obviously a priority in growing your practice. Don't overlook the value of using your Insurance in your marketing efforts. Learn how and about NAPLIA's exclusive Confirmation of Insurance.
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Partners

 NAPLIA partners with the leading financial associations in the investment industry.
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NAPLIA


North American Professional Liability Insurance Agency, LLC

5 Whittier Street, 4th Floor
Framingham, MA 01701

ph:  1-866-262-7542
fax: 1-508-656-1399

Download NAPLIA White Paper


Using Insurance to Market your RIA


"ERISA 3(38) Managing your Liability"

 

NAPLIA provides an overview of Errors & Omissions coverage specific to your role as a 3(38) fiduciary including, proper coverage for your role as a 3(38) investment advisor and ERISA 412 bonding requirements