Professional Liability Insurance for Investment Advisers
The AdvisersGold™
program addresses the traditional malpractice exposures of
Investment Advisers and the growing consequences of
fiduciary
responsibility.
Targeted to Registered Investment Advisers and financial
professionals with up to $1 billion assets under management,
AdvisersGold™ offers
comprehensive coverage and top quality service backed by
financial stability and industry expertise.
Coverage Highlights:
-
Broad definition of
Covered Activities
- Professional services rendered for
or advice given to others by any of you for a fee,
remuneration or other consideration in your practice as
an Investment Adviser.
- Professional services rendered for
or advice given to others by any of you for a fee,
remuneration or other consideration in your practice as
an Investment Adviser.
-
Coverage for your
acts as a Fiduciary1
- Covered act also means a Fiduciary
Act by you
- Covered act also means a Fiduciary
Act by you
-
Broad definitions of
“you” and “your”
- Personal liability protection from
the Pension Protection Act of 2006
- Personal liability protection from
the Pension Protection Act of 2006
-
Extended Coverage
Endorsement1 for your Services as:
- Life Insurance Agent
- Trustee
- Limited Accounting Services
- Life Insurance Agent
-
Limit Options from
$250,000/$500,000 to $1,000,000/$2,000,000
-
Premium Discounts for
Professional Designations and Risk Management Practices
- AIF, AIFA (Fi360)
- CEFEX certified firms
- AIF, AIFA (Fi360)
Program Enhancements:
- $10,000 defense expenses incurred in
the response to
Disciplinary Proceedings
- $25,000 defense expenses incurred in
responding to
Subpoena for documents or testimony
- $500 per day, up to $10,000,
Expense Reimbursement
for attendance at hearing or trial
- 100%
Waiver of Deductible
(up to $25,000) for settlement of claim through mediation,
or arbitration
- 25%
Waiver of Deductible
for claims resolved within one year of reported
Policy Standards:
- Worldwide coverage
- Free 60 day Extended Reporting Period
- ERP Options defined in policy
This information is provided for illustrative purposes. Only the actual policy form can provide terms, conditions, and provisions of coverage. Availability of coverage is subject to underwriting.
1Coverage is added by endorsement
