FINANCIAL PLANNERS
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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.
Availability
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.