Business Insurance for Financial and Investment Advisors

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Save money by comparing insurance quotes for financial 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 provide coverage for the most common risks investment advisors and financial planners face.

General liability insurance

General liability insurance provides coverage for common risks facing financial and investment advisors, such as customer injury and slander. Bundle with property insurance for savings in a business owner’s policy.

BEST FOR

Slip-and-fall accidents
Damaged customer property
Libel or slander lawsuits

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

Business disputes
Negligence accusations
Work errors

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

Required in almost every state for businesses with employees, workers’ comp can help cover medical fees and lost wages for work-related illnesses and injuries.

BEST FOR

Employee medical expenses
Missed wages
Legal costs

Looking for different coverage? See more policies.

Why do financial planners and investment advisors need insurance?

If a mistake or 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

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What our customers are saying

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