Financial Planners

Financial Planners

We have a strong relationship with Markel Cambridge Alliance, who has been at the forefront of the Errors & Omissions insurance market for Investment Advisors since 1989. Even with recurring economic volatility throughout the years, Markel Cambridge Alliance has remained a solid, stable market.

Availability

Coverage is written on a surplus lines basis in all 50 states

Strong defense provision

“Right and duty” to defend – a contractual obligation to defend against covered wrongful acts

Most protective option available to policyholders

Incident trigger

Written demand not required to trigger loss control

50% waiver of deductible (up to $12,500) for claim settlement through mediation

Broad coverage for business activities

Professional services rendered or advice given to others by the insured for a fee, remuneration, or other consideration

Activities as a Financial Planner, Registered Representative, Registered Investment Advisor, Pension Consultant, Investment Consultant, Investment Manager, or Life Insurance Agent

Automatic coverage for acts as a Fiduciary

  • Management of clients’ retirement plans
  • Personal liability protection from the Pension Protection Act of 2006

Extended coverages available by endorsement

  • Product sales
  • Tax preparation
  • Limited trustee services

Limit options from $100,000/$200,000 to $5,000,000/$5,000,000 – examined on a case-by-case basis.

Deductible options from $1,000

Premium discounts

  • Fee-only financial advisors and financial planning-only practices
  • Multiple advisor firms
  • Members of trade associations, custodians, and other organizations which are affinity partners

Additional policy features

  • Worldwide coverage for claims brought in the U.S., its territories, and Canada
  • Free 60-day extended reporting period
  • One-year bilateral tail

Our Customers Say

Patty and the entire Tonry team work tirelessly to provide GS Security with best in class services.  They are like an extension of our in house staff!

Executive Sales

GS Security Systems, Inc.

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