The total number of Registered Investment Advisors has not declined in a single year over the past decade. There are more than 30,000 Registered Investment Advisors with the SEC or at the state level and two-thirds have less than $100M in Assets Under Management (AUM).* As with any growing segment of business, the risks associated are on the rise. Insurisk’s FLIP product has been specifically designed to meet the unique insurance needs of Investment Advisors, featuring a proprietary endorsement.
Source
Why FLIP?
- Exclusive Coverage
- Dedicated Underwriting
- Additional Payment Loss Control and Investigative Expenses Included
- Supplementary Payments up to $50K Included
Product Overview:
- Primary, Admitted and Non-Admitted Available
- Excess, Non-Admitted
Target Market:
- Less than $10B in Assets Under Management (AUM)
- No Fund Coverage
- Limits Available: $250,000 - $10M
Available Coverages:
- Investment Advisors E&O
- Financial Services E&O
- Directors & Officers
- Employment Practices Liability
- Fiduciary
- Theft
- Network Security
- Up to $5M Lead Excess Capacity Available
Contact your CRC Group producer for more information.