The day-to-day duties of financial professionals are changing rapidly. With more and more solutions available for clients and vast regulatory reform, the role of financial professionals will continue to change.

One way to protect yourself and the additional roles you take on is Errors and Omissions (E&O) insurance with Fiduciary Coverage.

What is E&O Insurance?

E&O Liability Insurance covers the cost of certain legal fees, judgments or settlements resulting from claims and litigation brought against you for the services or advice you provided.

Unfortunately, today’s society is very litigious. Despite your relationships with clientele or how careful you are in your role, you simply never know and it pays to be covered.

If a client files a claim against you for your services or advice, an E&O policy will help pay the legal fees.

What is Fiduciary Coverage?

Affirmative fiduciary coverage meets ERISA standards and ensures any fiduciary duties you perform are covered by your insurance policy. Covered duties may include:

  • Estate Arrangement
  • Trust Implementation
  • Guardian and Ward Designation and more

Under the Department of Labor’s ERISA ruling, the definition of investment fiduciary advice has expanded, impacting the commission revenue stream. This ruling has been a major concern for many financial professionals, but with the purchase of E&O insurance with fiduciary coverage, you will be protected.


Together, Errors & Omissions (E&O) Liability Insurance with fiduciary coverage is a critical piece of protection for you and your financial career.