Frequently Asked Questions

Here are some of the most common questions I receive from broker-dealers and registered investment advisors. If you don’t find what you're looking for, please don’t hesitate to reach out.

FAQs

What types of insurance do independent broker-dealers and RIAs need?

Broker-dealers and RIAs typically need professional liability (errors & omissions), cyber liability, and general liability insurance. Additionally, specialized coverages like Directors & Officers insurance, fidelity bonds and fiduciary liability insurance can help safeguard your firm from unforeseen events.

Do I need insurance if I’m a small or solo practitioner?

Absolutely. Even if you’re a one-person firm, the risks you face in managing clients’ investments and personal data are significant. Insurance protects you from lawsuits, financial losses, and regulatory penalties.

How can I ensure my firm is compliant with industry regulations?

I offer regulatory compliance insurance solutions designed to help you meet the requirements set by FINRA, the SEC, and other governing bodies. I'll also guide you through the process of staying up-to-date with industry changes.

How do I choose the right coverage?

Every business is unique. I’ll work with you to assess your risks, understand your business model, and develop a customized insurance strategy that provides the right coverage at the right price.