Financial Planner and Investment Advisor Insurance

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Financial Planners and Registered Investment Advisor
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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.

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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 icon

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 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
  • Advice that caused financial 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
  • Breach 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
  • Missed wages
  • 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.

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?

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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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"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."
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Financial Planners and Registered Investment Advisor