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Professional Liability for Financial Planners
We are excited to announce we are now writing Errors & Omissions Insurance for Financial Planners under our Specified Professions product!
OUR TARGET MARKET:
- Fee-only or salaried Registered Investment Advisors
- Up to $1,000,000 in income for a firm, and up to $150,000 in income per planner
- An average of no more than $500,000 in client
assets managed per client - Up to 10% of receipts from commissions
- Planners with a minimum of three years experience
PRODUCT FEATURES:
- Premiums start at $2,000 for a $1 million limit and deductibles start at $1,000
- Personal Injury coverage
- Businessowners Package Policy available including general liability and property coverage
- Duty to Defend coverage
DID YOU KNOW?
- Financial Planning is the new hot job with the
number of certified practitioners increasing 10% per year.
- There are approximately 400,000 Financial Planners in the United States.
- It’s estimated more than half of financial advisors lack insurance coverage due to the perceived high expense and lack of coverage in policies.
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190 South Warner Road PO Box 6700 Wayne, PA 19087