FINANCIAL ADVISOR
INSURANCE
Financial planners, advisors, agents, and brokers walk a fine line when helping their clients secure investment and insurance products. It's easy for clients to misunderstand the information as presented and, when their products don't perform the way they expected them to, sue their financial services provider.
As you consider the future of your financial services business, you may want to learn more about key person insurance and business continuation insurance.
Contact us to get a quote today!
ERRORS & OMISSIONS
An E&O insurance policy not only helps you defend yourself in the event you are sued for real or perceived negligence, but it may also pay claims - within limits - that are awarded to your clients. In addition, should you make a mistake when filling out documents or disclosing information to clients, the policy will provide protection so long as the mistake was not due to fraud or willful negligence.
OTHER CONSIDERATIONS FOR ADVISORS
Financial services firms must also consider their need for general liability protection, auto liability and property insurance for the building, its contents, and any automobiles owned by (or used on behalf of) the business.
To fund a buy-sell agreement between partners, a firm might consider a life insurance policy or, if the firm has any key employees who provide expertise that would be hard to replace, key person insurance.
Finally, business continuation insurance provides an affordable way to help ease the burden of operating the business from a remote location should you be unable to access or utilize your normal location.