Financial Archives - Lockton Affinity

Fiduciary Coverage for Financial Professionals

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,

November 27th, 2018|Financial|

Tips for Managing Malpractice Claims

Sometimes, good lawyers can make mistakes. Whether a signature gets missed on a critical document or the wrong procedure is followed for an appeal, mistakes can happen. Unfortunately, malpractice claims – both legitimate and not – can happen to you, despite your years of experience.

In the event a claim is filed against you for the services or advice you provided, follow these

August 27th, 2018|Financial|

How to Report a Professional Liability Claim as a Financial Association

Whether you are a CPA, an investment advisor or a banking professional, you are at risk of being sued for the services you provide. From disgruntled clients to fiduciary liability or even typos, you’ll want the right coverage in place to protect you and your career. While you hope to never be sued, it is important to know how to report a

August 21st, 2018|Financial|

Tips to Minimize Risk in the Financial Industry

Whether you are an investment advisor, a lawyer or an accountant, it is important to minimize risk in the financial industry. Protect your business and clients from everyday risks with these best practices:

Screen Your Clients

Landing a new client is often the result of weeks or even months of hard work. While the idea of a new prospect is exciting, it is important

March 22nd, 2018|Financial|

Prepare for Cyber Crime – Before and After the Attack

Unfortunately, cyber-attacks against accounting firms are not unusual. Because firms store large amounts of clients’ personal and financial data, they are at a heightened risk for cyber-attacks. Malware, ransomware, phishing and other breaches are becoming common place.

Despite all the information accounting firms are responsible for, they typically have few layers of cyber protection to guard against theft. Take action to protect your

October 17th, 2017|Financial|

10 Frequently Asked Questions about Cyber Liability Insurance

Companies in the financial industry are increasingly vulnerable to the menace of cybercrime. Cyber criminals are smart, and even businesses that take preventive measures can still find themselves vulnerable to a determined hacker. Learn all you need to know about protecting your company and clients with these frequently asked questions.

What is Cyber Liability Insurance?

Cyber Liability insurance is designed to mitigate loss from

October 3rd, 2017|Financial|