Financial Planners

We have a strong relationship with Markel Cambridge Alliance, who has been at the forefront of the Errors & Omissions insurance market for Investment Advisors since 1989. Even with recurring economic volatility throughout the years, Markel Cambridge Alliance has remained a solid, stable market.


Coverage is written on a surplus lines basis in all 50 states

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 others by the insured for a fee, remuneration, or other consideration

Activities as a Financial Planner, Registered Representative, Registered Investment Advisor, Pension Consultant, Investment Consultant, Investment Manager, or Life Insurance Agent

Automatic coverage for acts as a Fiduciary

  • Management of clients’ retirement plans
  • Personal liability protection from the Pension Protection Act of 2006

Extended coverages available by endorsement

  • Product sales
  • Tax preparation
  • Limited trustee services

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

  • Fee-only financial advisors and financial planning-only practices
  • Multiple advisor firms
  • Members of trade associations, custodians, and other organizations which 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

Contact us - we are here to help!

For a free consultation or review of your insurance policies, please contact us.

(617) 773-9200