Investment Advisors and Plan Consultants face an increased risk of claims for their professional services.  ERISA continues to broaden the definition of "who is a fiduciary" and for Investment Advisors and Financial Professionals the transfer of risk to insurance policies is the most effective risk management.

Policies are available to help protect Investment Advisers from claims alleging mismanagement of customer accounts, breach of fiduciary duty, ERISA liability, employee fraud, acceptance of invalid investments and similar errors and omissions in rendering professional services to customers.

Insurance Policies available to Investment Advisors:

Click on each link for in-depth details on coverage and policy forms

Professional Liability / Errors & Omissions Insurance (E&O)

Provides coverage for negligent acts, errors or omissions of the Investment Advisor (third party coverage). 

Investment Advisors ERISA Bonds

Required by ERISA if the Investment Advisor has discretionary authority of client funds (third party coverage).  Can be written on an individual plan or blanket basis.  These bond the IA for fraud and theft of client plan funds.

ERISA Bonds

Required, by ERISA, to be held by the plan holder (1st party coverage).  Must be equal to 10% of the plans assets up to $500,000. 

Fiduciary Insurance

Covers plan fiduciaries for breach of fiduciary duties (1st party coverage).

Employee Dishonesty Insurance

Provides coverage for theft or misappropriation of your funds by your employees (1st party coverage).  Can be endorsed to include third party coverage (theft of client funds), and crime (theft of your funds by non-employee).  May also provide automatic ERISA bond coverage.

Upcoming Events

Naplia will be part of the following industry events.  Please come see us.

  For more information, click here.

  For more information, click here.

Eight Disadvantages of having your professional liability insurance solely through your Broker/Dealer

Applications & Forms

Get Information

Client Resources

Investment Advisors Applications & Forms

Investment Advisor FAQ

Client Testimonials - War Stories

Glossary