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Lilian’s Insurance Tips

December 11, 2018

Does your professional liability policy exclude coverage for claims arising out of multi employer welfare arrangements?

The DOL is proposing to allow advisers to aggregate new and existing clients in the same geographic area into one common 401(k) plan. RIAs and Broker-Dealers, […]
January 25, 2019

HOW BROAD IS THE DISCIPLINARY PROCEEDING COVERAGE GRANT UNDER YOUR BD-RIA PROFESSIONAL LIABILITY INSURANCE POLICY?

Recently, several broker-dealers were served with requests for information from a couple of State Securities Divisions concerning the sale of specific private placements under investigation by […]
December 17, 2019

WHAT A DIFFERENCE A WORD MAKES, IF THAT WORD IS “CLIENT”

The recent GPB Class action suit against 60 independent broker-dealers and several other defendants has revealed a significant gap in coverage for many unsuspecting insureds.  Some […]