Professional Liability Insurance for Financial Professionals
NAPLIA is an Independent Agency that works in our clients best interest. Our goal is to provide you with the information you need to make informed decisions. We offer a no obligation review of your current insurance policy to help you understand potential coverage deficiencies and recommendations.
These are actual testimonials from clients for whom we have reviewed insurance coverage;
“I have carried “E&O” coverage for 15 years and always assumed we had complete protection. Once my coverage was reviewed, it became painfully apparent that we were not covered for 90% of our fee for service practice and only covered for the 10% commission work we do with our broker dealer.”
“My local insurance agent (client) promised me our coverage was the best available and we had coverage for our fiduciary professional services. Our largest client requested a copy of our E&O policy to have their attorney review. Our client’s attorney concluded our policy specifically excludes “fiduciary services” (100% of my practice) and terminated our relationship AND retained our largest competitor. Not only did we pay expensive insurance premiums for 7 years with no actual coverage, but we lost our most profitable client.”
“Our firm specializes in plan administration and actuarial consulting. I was comfortable with our E&O coverage because the definition of professional services on the declarations page defined professional services as “Plan consulting/Actuarial consulting”. NAPLIA reviewed the COMPLETE policy and endorsements and pointed out that “actuarial services” was excluded in four separate sections of the policy. I was shocked that the insurance carrier would list “actuarial consulting” on my declarations page and then exclude the coverage within the guts of the policy form….unreal!”
Make sure that you have the right coverage in place, contact NAPLIA today for a no obligation review of your current coverage.,
