Financial Planner and Investment Advisor Insurance

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Financial Planners and Registered Investment Advisor

Or call us at (800) 688-1984

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Compare insurance quotes for financial planners and investment advisors

A bad investment or economic downturn could topple everything you've worked so hard to build. Protect yourself against liability lawsuits and other risks with policies tailored for investment advisors and financial planners.

One application, multiple quotes

Insureon helps financial and investment advisors compare small business insurance quotes from top U.S. carriers online. Get several quotes with one application.

What types of insurance do financial and investment advisors need?

These policies cover the most common risks faced by investment advisors and financial planners.

General liability insurance

General liability insurance covers basic risks facing financial advisors, including client injuries. Bundle it with property insurance for savings in a business owner’s policy (BOP).

BEST FOR

Slip-and-fall accidents
Damaged customer property
Libel and other advertising injuries

Errors and omissions insurance

E&O insurance for financial advisors and planners, also known as professional liability insurance, can cover legal expenses related to work performance.

BEST FOR

Advice that caused financial loss
Accusations of negligence
Errors in calculations

Cyber liability insurance

This policy helps investment advisors and financial planners survive data breaches and cyberattacks by helping to pay for recovery expenses and associated costs.

BEST FOR

Data breach lawsuits
Breach notification expenses
Fraud monitoring costs

Workers’ compensation insurance

Most states require workers' comp for financial and investment firms that have employees. It also protects sole proprietors from work injury costs that health insurance might deny.

BEST FOR

Employee medical expenses
Missed wages
Legal costs

Fidelity bonds

Fidelity bonds compensate clients for employee theft, including theft by electronic funds transfer. They're also called employee dishonesty bonds.

BEST FOR

Employee theft
Employee fraud
Contract requirements

Looking for different coverage? See more policies.

Why do financial planners and investment advisors need insurance?

If an error in judgment leads to a client’s financial loss, a registered investment advisor (RIA) or a tax preparer could face a hefty lawsuit. Financial planner and investment advisor insurance helps protect your decisions, such as management of retirement funds. It also protects against risks faced by any small business, such as injuries and property damage.

How much does insurance cost for financial and investment advisors?

Finance professional working on a calculator.

Several factors will have an impact on insurance costs, including:

Financial advice, investment advice, and planning services offered
Business equipment and property
Revenue
Location
Number of employees

View Costs

What our customers are saying

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