Financial Services Insurance
From solo advisors to multi-partner firms, we place the coverage that protects your practice, your clients' data, and the people who run it: professional liability, cyber, and the ordinary lines every office needs.
What we cover
Coverage built around how you advise
A financial services firm's exposure runs from the advice you give to the data you hold to the ordinary risks of running an office. Here are the lines most firms carry, and why.
Professional Liability (E&O)
Covers claims that your advice, a missed step, or a service you provided cost a client money. It's the core policy for advisors, planners, and firms that manage assets or give financial guidance.
Ask about itCyber & Data
Covers a data breach, a business email compromise, or funds moved on fraudulent instructions. Financial firms hold client account and tax data and often move money on a client's behalf, which makes this coverage a fit alongside your regulatory obligations.
Learn moreGeneral Liability
Covers third-party injury and property damage at your office. Landlords and some client contracts require it before you can sign a lease or an engagement.
Learn moreDirectors & Officers (D&O)
Covers claims against the people who govern your firm for decisions made in that role. It matters most once you have a board, outside investors, or partners with real decision-making authority.
Ask about itBusiness Owner's Policy
Bundles property and liability coverage for the office itself, from equipment and furniture to the everyday risks of running a workplace. Most firms carry this alongside their professional coverage.
Learn moreWorkers' Compensation
Covers medical costs and lost wages when an employee is hurt on the job, and is required in nearly every state once you have staff on payroll.
Learn moreCoverage built around the firm you run
Advisors, RIAs, and finance firms carry an exposure most businesses don't: the advice itself. A client can bring a claim over a recommendation, a missed disclosure, or a trade that didn't go the way they expected, and professional liability is what responds when that happens. Firms with a board or outside investors carry a second layer, directors and officers coverage, for claims against the people making the calls.
Cyber sits alongside both. You hold client account numbers and tax data, and many firms move money on a client's behalf, which makes a breach or a fraudulent wire a real exposure and not a hypothetical one. Regulators including the SEC and FINRA expect firms to safeguard client information, and we keep that context in mind without treating it as a reason to overstate the risk.
None of that replaces the ordinary coverage every office needs: liability for the space you occupy, a policy for the property inside it, and workers' comp once you have staff. We build the whole program around the services you offer and the clients you serve, and we get certificates out fast when a lease or an engagement calls for one.
Financial services insurance FAQ
What insurance do financial advisors and RIAs need?
Most advisory firms start with professional liability, also called errors and omissions, which covers claims that your advice or services caused a client a financial loss. Cyber coverage sits alongside it, since you hold client financial data and move money on their behalf. Firms with a board or outside investors often add directors and officers coverage, and every office needs general liability and a business owner's policy for the ordinary risks of running a workplace. We build the mix around your services, your assets under management, and how your firm is structured.
What is E&O (professional liability) insurance for financial firms?
Errors and omissions insurance covers claims that a client suffered a financial loss because of your advice, a missed step, or a service you provided. It's the core coverage for advisors, planners, and firms that manage money or give financial guidance, since a client dispute can arrive even when you did nothing wrong. Limits and terms vary by the services you offer and the assets you manage, and we price the policy around your actual practice.
Do I need cyber insurance if I hold client financial data?
Yes, in most cases. Advisory and finance firms hold account numbers, tax information, and other personal financial data, and many also send wire transfers or ACH payments on a client's behalf. Cyber coverage responds to a data breach, a business email compromise, or funds sent on fraudulent instructions. Regulators including the SEC and FINRA also expect firms to safeguard client information, and a cyber policy is part of showing you take that seriously.
What is D&O and does my firm need it?
Directors and officers insurance covers claims against the people who govern your firm, including a board member, officer, or manager, for decisions made in that role. It matters most once you have outside investors, a formal board, or partners with real decision-making authority, since those are the relationships most likely to produce a management dispute. Solo practices and small partnerships without outside stakeholders often don't need it yet. We can walk through your structure and tell you where you stand.
Tell us about the firm, we'll build the coverage
From a solo advisor to a multi-partner firm, we place the professional liability, cyber, and management coverage your practice needs alongside the ordinary lines every office carries. Tell us how you operate and we'll bring back options to compare.