RIA Coverage Professional Liability for Advisors
FORM RIA-DEC · DECLARATIONSEFFECTIVE ON BINDING
50 + Years serving financial services firms
2,200 + RIAs and advisory firms covered
A Top-rated carrier partners underwriting coverage
Three policies. One exposure profile: yours.
Each can stand alone or attach together into a single professional & management liability program — sized to a solo RIA or a multi-adviser firm.
Protects your firm’s principals, executives, and Chief Compliance Officer by name from allegations of mismanagement, breach of duty, or governance failure — even when a claim comes from a regulator, not a client.
- Personal asset protection for principals & CCOs
- Entity coverage for the firm itself
- Defense costs for regulatory proceedings
- Duty of loyalty, obedience & diligence allegations
When a client alleges bad advice, a missed trade, or a failure to act — even one without merit — defense costs start the day the claim is filed. E&O responds to claims arising from the professional services your firm provides.
- Defense costs from day one of a claim
- Coverage for settlements & judgments
- Responds to fiduciary-duty allegations
- Sized for solo RIAs and multi-adviser firms
Your E&O policy does not cover this. If a client’s SSN, account number, or portfolio data is exposed — by a hacker, a lost laptop, or your own team’s misdirected email — cyber liability covers the response, not just a resulting lawsuit.
- Data breach response, paper & digital files
- Customer notification, credit monitoring & legal expenses
- Forensic audits to locate & reduce further breaches
- Social engineering & crime coverage
- Business interruption coverage
It rarely announces itself in advance.
Most RIA claims don’t start with wrongdoing — they start with an allegation, an exam finding, or an incident your firm didn’t cause directly but is still responsible for.
The questions every RIA asks before binding.
If our firm already carries E&O, aren't we covered for a cyber breach too?
No — this is the most common misconception we see. Most E&O policies exclude criminal or intentional acts and limit coverage to negligence in delivering defined professional services. They typically don’t pay for breach forensics, client notification, or credit monitoring. Cyber liability is a separate, purpose-built policy for exactly those costs.
What are we required to do if client data is exposed?
47 of 50 states require notifying affected individuals when personally identifiable information is exposed, and regulators can levy significant fines for firms that don’t. A firm with clients across multiple states can face a different notification requirement in each one — which is where legal costs escalate fastest.
Can D&O be added to our E&O policy, or does it need to be separate?
Either. We can attach D&O liability onto an existing E&O policy, or structure it as a standalone D&O policy — whichever fits your firm’s structure and risk profile better.
Is a solo RIA or small advisory firm really a target?
Yes. This protection matters for large corporations and small business owners alike — a claim doesn’t check firm size before it’s filed, and a solo RIA absorbs a lawsuit’s cost with far less balance sheet to spare.
Are our principals personally on the hook, or just the firm?
Both, without D&O coverage. D&O is built specifically to safeguard the personal assets of your directors, officers, and Chief Compliance Officer — not only the corporate entity — from allegations of mismanagement or breach of duty.
How fast can we get a quote?
Submit the form below and a licensed RIA liability specialist will follow up directly to walk through coverage options — there’s no obligation to bind anything to get a preliminary estimate.
Coverage built around
the name on your Form ADV.
Talk to a specialist about D&O, E&O, and Cyber Liability sized to your firm — today, not after something happens.