Financial Planner and Investment Advisor Insurance

Compare multiple quotes from top carriers with one application.
Financial Planners and Registered Investment Advisor
Financial advisors at a desk looking at cost tables.
Logos of Insureon's Partners
We partner with trusted A-rated insurance companies

Why do financial planners and investment advisors need insurance?

A bad investment or economic downturn could derail your financial goals for a client. Protect yourself against liability lawsuits and other risks, such as property damage and injuries, with policies tailored for investment advisors and financial planners.

Financial planner advising a client.
Vertical bar chart underneath dollar sign

Find affordable coverage

Financial planners and investment advisors can save money on insurance by comparing quotes from top providers.

Fill out Insureon's easy online application to get free quotes and advice from a licensed insurance agent.

What types of insurance do financial planners and investment advisors need?

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

General liability insurance icon

General liability insurance

General liability insurance covers basic risks faced by financial professionals, 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 icon

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
  • Financial advice that causes a loss
  • Accusations of negligence
  • Errors in calculations
Cyber liability insurance icon

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
  • Customer notification expenses
  • Fraud monitoring costs
Workers’ compensation insurance icon

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
  • Disability benefits
  • Legal costs
Fidelity bond icon

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.

How much does insurance cost for financial planners and advisors?

Finance professional working on a calculator.

A small financial services or investment brokerage business will pay less for commercial insurance than a larger company.

Factors that affect the cost of small business insurance include:

  • Financial services offered, such as wealth management, estate planning, or retirement planning
  • Business property and equipment
  • Business income
  • Types of insurance purchased
  • Policy limits and deductibles
View Costs

How do financial planners and investment advisors get insurance?

It's easy for certified financial planners (CFP) and registered investment advisors (RIA) to get business insurance if you have your company information on hand. Our application will ask for basic facts about your business, such as revenue and number of employees. You can buy a policy online and get a certificate of insurance with Insureon in three easy steps:

  1. Complete a free online application
  2. Compare insurance quotes and choose policies
  3. Pay for your policy and download a certificate

Insureon's licensed insurance agents work with top-rated U.S. providers to find the right insurance coverage for your financial planning or investment advice business, whether you work independently or hire employees.

What our customers are saying
Carousel prev arrow
"I had an urgent contractual requirement for insurance in December to pay before the end of the year. Holly Burton worked with The Hartford to send me an invoice around Christmas. I have saved hundreds in taxes."
Richard C.
Software / internet design
"Raynaldo made quick work of things. I told him what I needed, and ultimately I had a certificate of insurance in a matter of hours."
Michael D.
Programmer
"The response time was almost immediate. The options I was given were based on my company's needs. I received the policy in record time."
Esther L.
Management consultant
Carousel next arrow
Insureon customer reviews on Feefo

Top finance professionals we insure

Don't see your profession? Don't worry.
We insure most businesses.

Compare insurance quotes for financial advisors
Save money by comparing insurance policies from multiple carriers.
Financial Planners and Registered Investment Advisor