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Investment
Advisors and Consultant’s Professional Liability (or Errors & Omissions)
policy protects advisors and consultants against losses due to any actual or
alleged negligent act, error or omission committed in the scope of their duties
as investment counselors/advisors.
Professional
liability insurance or errors and omission insurance in available for a number
of different types of investment advisors and consultants:
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Investment Advisors
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Investment Consultants
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Trustees
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Broker/Dealers
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Pension Consultants
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Litigation Consultants
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Actuaries
Underwriters will
review the following information before providing premium pricing, limits and
deductibles when quoting this investment advisor consultant exposure:
Claims typically
come in two areas: Suitability and breach of contract/trading errors.
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AdvisersGold™
Program Addresses RIA Niche
The AdvisersGold™
program’s niche for RIA’s with up to $1 billion assets under
management. The program can provide limits of up to
$1,000,000/$2,000,000 for qualifying firms. Coverage extensions are
available for activities as a Trustee, Fiduciary, Registered
Representative and Life Insurance Agent.
“We wrote the
AdvisersGold™ policy form to not only address the traditional
malpractice exposures of investment advisers, but also the growing
application of fiduciary responsibility,” says Rickard Jorgensen,
President of Hunt Jorgensen, LLC the program managers for AdvisersGold™.
“We are very excited about the outlook for AdvisersGold™
and our strong partnership with Naxos Insurance Company. The
underwriter team at Naxos has significant expertise in this arena and an
in-depth understanding of the risks faced by investment professionals.”
The
AdvisersGold™
is available through NAPLIA
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