NAPLIA is changing the way Investment Advisors and Financial Professionals buy insurance.  Our philosophy is based on providing our clients with quality information that assists you with understanding your potential exposures, the insurance products available to your firm, and Risk Management resources to mitigate your exposure.

NAPLIA's Exclusive Confirmation of Insurance Coverage - for Investment Advisors

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Are you be overlooking a valuable asset in marketing and retaining clients? Your insurance. Your clients and prospects today are likely to do more due diligence to confirm the standards of their Investment Advisors and Financial vendors.

What is NAPLIA's Confirmation of Insurance ?

NAPLIA's Confirmation of Insurance is a marketing tool that is exclusive to Investment Advisors insured through NAPLIA. It assists you in proactively identifying to your clients your levels of insurance coverage and commitment to quality standards.

The Confirmation of Insurance includes:

Errors & Omissions Insurance

The Confirmation of Insurance Coverage is not a Certificate of Insurance. It is intended to be utilized as a marketing tool.

Part I. outlines your Errors & Omissions (Professional Liability) Coverage including the Carrier, Carrier's AM Best Rating, Limits of Liability, and Effective dates of coverage.

Coverage for Acts as an ERISA Fiduciary

Part II. confirms if your your Professional Liability policy contains coverage for your acts as a Fiduciary and to what extent. Affirmative Fiduciary coverage is essential and this section confirms this for your client and where in the policy this coverage is provided (policy wording or endorsement).

Investment Advisor ERISA Bond

Section 412 of ERISA requires advisors who have discretionary control, whether executed or not, to maintain a specific bond. If this is applicable to your practice, NAPLIA will confirm that you have the appropriate Investment Advisor ERISA Bond in place to ERISA standards.

Raise the Bar for your Competition

Once you have pro-actively shown your affirmative fiduciary coverage, and Investment Advisor ERISA Bond (if applicable) you have raised the bar for your competition. Every advisor who approaches your client or prospect after you will likely be asked to demonstrate the same.

Sample Confirmation of Insurance Coverage

Contact us today to obtain a Confirmation of Insurance, or to become a client.