Why is it important for me to have my Errors & Omissions in place immediately?

As a new RIA, it is essential to have your Errors & Omissions Insurance (E&O) in place prior to working with clients.  One of the unique features of E&O insurance is that your policy will have a Prior Acts Date that states it will not cover any services prior to the purchase of insurance.  Therefore, having insurance in place prior to servicing customers is essential to protect yourself and your clients. 

The RIA in a Box Errors & Omissions program is specifically designed for newly established RIA's to obtain insurance at reasonable rates.  This allows you to establish your Prior Acts coverage from the day you open your doors.

In addition, with it's comprehensive coverage, the RIA in a Box Errors & Omissions Program is a viable solution for established RIA's who meet the programs underwriting criteria.

Pricing

Premiums for the RIA in a Box Errors & Omissions program can be based on Revenue, Assets under Management (AUM), services and investments offered, and the number of professionals in your firm.  A full application is required to determine your actual premium.

Coverage

Saving money isn't the only consideration when buying insurance.  In fact, proper coverage should be your number one concern.  The RIA in a Box Errors & Omissions provides a comprehensive policy meeting the needs of your firm.

• Prior Acts Coverage
• Affirmative Fiduciary Coverage
• Cost of Corrections Coverage
• And, more

Stability

North American Professional Liability Insurance Agency, LLC (NAPLIA) is a leading provider of resources and insurance to the financial and investment industry. As an INC 5000 company, NAPLIA provides the expertise, stability, and integrity we demand for our clients.

Value

As a new RIA, we know that your goal is to be financially sound. NAPLIA, and our carriers, recognize the diligent compliance process you have undertaken with RIA in a Box. The risk management value of this process can provide discounted pricing for our clients.   We recognizews the importance of obtaining coverage as you open your doors.

Contact

For More Information Contact  Tom Schrandt, Toms@naplia.com, 1-866-262-7542 x1370