DIVORCE FINANCIAL CONSULTANTS

Divorce Financial Consultants

We have a strong relationship with Markel Cambridge Alliance, who has been at the forefront of the Errors & Omissions insurance market for Divorce Financial Consultants since 2006. Even with recurring economic volatility throughout the years, Markel Cambridge Alliance has remained a solid, stable market.

Coverage Highlights

  • Strong defense provision
  • “Right and duty” to defend – a contractual obligation to defend against covered wrongful acts
  • Most protective option available to policyholders

Incident trigger

  • Written demand not required to trigger loss control
  • 50% waiver of deductible (up to $12,500) for claim settlement through mediation

Broad coverage for business activities

  • Professional services rendered or advice given to other by the insured for a fe, renumeration, or other consideration
  • Activities including divorce mediation, preperation of expert testimony and financial models, and personal budgeting advice
  • Assistance to a licensed attorney in preperation of a Qualified Domestic Relations Order (QDRO)

Multiple coverage options

  • Stand-alone Divorce Financial Consultant Policy
  • Also available as an endorsement to a Registered Investment Advisor policy

Limit options from $100,000/$200,000 to $5,000,000/$5,000,000

  • Examined on a case by case basis

Deductible options from $1,000

Premium discounts

  • Member of trade associations, custodians, and other organizations whicha are affinity partners

Additional Policy Features

  • Worldwide coverage for claims brought in the U.S., its territories, and Canada
  • Free 60-day extended reporting period
  • One-year bilateral tail
UPDATE Tonry Insurance Group’s Response to COVID-19