Financial Planner Insurance

Protect what you have worked so hard to build.

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Step 1 of 5 - General Information

General Information

Business Name*

Zip Code*

Full-Time Employees

Part-Time Employees

Business Information

Address*

Street Address City State ZIP Code

Business Type*

Business Hours

Brief description of the business

(ie. We are a 3-store chain of bakery and coffee houses...)

Additional Business Details

Are you currently insured?*

Years in Business

Years of Owner Experience within the Industry

Legal Entity/Status

Gross Annual Payroll

Gross Annual Revenue

Desired General Liability Coverage

Where do we send your quotes?

First Name*

Last Name*

Phone*

Email*

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We can help you get your financial planner insurance.

You have worked hard to build your financial planning reputation and spent years to become a Certified Financial Planner (CFP). You are rightly concerned about protecting yourself from liability when providing investment advice and preparing financial plans for people and their businesses because, after all, your clients rely on your advice. As a registered investment adviser you have a fiduciary duty to care for their investments.

The market is unpredictable.

If a client loses money, whether it is your fault or not, they may sue you personally.

Financial markets can go up and down, and a client could lose their life savings overnight. This may cause an unhappy customer to call their lawyer, and, on top of that, no CFP is perfect. Mistakes happen, and even if it is not your fault, clients can become unhappy with your services. This is why the SEC says that a CFP can be sued for fraud and negligence in performance of duties.

How to get a free CFP insurance quote

We offer a complimentary financial planner insurance consultation. InsuranceHub will take the time to understand your business, clients and specific industry-related liabilities and challenges. Contact us today at (877) 341-5728 to schedule your free, no strings attached, CFP insurance consultation today.

Get multiple insurance quotes

Do you have Certified Financial Planner insurance?

insurance risk consultation insurancehub

Lawsuits are time consuming and stressful; a professional liability insurance policy can relieve some of these potential burdens. Our advisors here at InsuranceHub have experience with the following:

Cash Flow Management
Retirement Planning
Investment Planning
Financial Risk Management
Insurance Planning
Tax Planning
Estate Planning
Business Succession Planning (for business owners)

Types of exposure that Certified Financial Planners and Investment Advisors need protection from:

Cyber liability exposure

CFPs hold confidential client information including social security numbers and payment information.

Computers and websites that hold confidential client information can be hacked and stolen.

Professional liability exposure

Your clients count on your advice.

The wrong advice or a bad investment could lead to a lawsuit. Make sure you have your licenses and certification up to date. Ensure that all employees giving advice are properly certified. Document all advice given.

Inland marine exposures

Do you travel to and from your investment clients' homes or offices carrying your laptop, deposits, valuable papers, and records? First you will need inland marine coverage. Second be sure to make duplicate copies of all important information and keep them stored off site.

Crime exposures

Employee dishonesty in regards to social security numbers, credit card information, trade secrets and other confidential information. Wise CFPs take the time to do background checks before hiring and permitting any employee on the clients' premises.

Premises liability exposure

Do you have clients that come to see you at your office location? Pay attention to cleaning snow and ice from the sidewalks. Also, watch slippery wet floors in your entryway. Off-site exposure includes having all employees submit to background checks and having a policy/procedure manual explaining how employees are to conduct themselves off site.

Automobile exposures

Do you and your employees use vehicles during the performance of their work? Here are few suggestions. First, do a motor vehicle record check on all employees before allowing them to drive company vehicles. Is there procedure/policy book for all drivers of company vehicles? Be sure to get a commercial auto policy to protect your business.

Property exposure

Protect your business.

What would happen if all of your records, computers, and books were destroyed in a fire? All information should be kept in fireproof cabinets. Invest in cloud backup technology.

Workers compensation exposures

Do you or your employees perform repetitive tasks? Learn how to reduce eyestrain, neck strain, carpal tunnel syndrome, and similar cumulative trauma injuries. Invest in ergonomically designed workstations. Invest in a workers' comp insurance plan that will protect your employees and your business interests.

Here are the minimum recommended financial planner insurance coverages:

minimum insurance coverages for a small business insurancehub

Business owners policy
Business Income with Extra Expense
Business Personal Property
Employee Dishonesty
Money and Securities
Accounts Receivable
Computers
Valuable Papers and Records
General Liability
Employee Benefits Liability
Professional Liability
Errors and omissions
Commercial Umbrella Liability
Hired and Nonownership Auto Liability
Workers Compensation
Cyber insurance

Other certified financial planner insurance coverage to consider:

Building
Business Income with Extra Expense
Computer Fraud
Forgery
Equipment breakdown
Employment Practices Liability
Business Auto Liability
Physical Damage
Directors and Officers Liability

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