Professional Liability Insurance
Investment Advisors and Consultant’s Professional Liability (or Errors & Omissions) policy protects advisors and consultants against losses due to any actual or alleged negligent act, error or omission committed in the scope of their duties as investment counselors/advisors.
Professional liability insurance or errors and omission insurance in available for a number of different types of investment advisors and consultants:
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Investment Advisors
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Investment Consultants
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Trustees
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Broker/Dealers
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Pension Consultants
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Litigation Consultants
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Actuaries
Underwriters will review the following information before providing premium pricing, limits and deductibles when quoting this investment advisor consultant exposure:
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Investment Advisors/Consultants application
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Asset types
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Asset under management
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ADV or other marketing information
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Manager experience
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Prior claims experience
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Client contracts
Claims typically come in two areas: Suitability and breach of contract/trading errors.
Applications & Forms:
Registered Investment Advisors
AdvisersGold New Business Application
AdvisersGold New Business Application (New York Only)
AdvisersGold Specimen Policy Form
Cambridge Alliance Financial Advisor - RIA app (word)
Cambridge Alliance Financial Advisor - RIA app (pdf)
Cambridge Alliance Broker Dealer Financial Advisor App
Cambridge Alliance Divorce Financial Consultant App
Investment Advisors E&O Insurance
Hartford Premier Asset Management Protection Application
Hartford Premier Asset Management
Protection Policy
Non-RIA / Non-Asset Management Professional Liability (TPA, Plan Consultants, Etc.)
Hiscox Miscellaneous Professional Liability Application