FINANCIAL SERVICES INSURANCE

Insurance for Financial Service Professionals

Financial service professionals like accountants, financial advisors, and tax preparers play a crucial role in helping people manage their money.

With such an important job, comes big responsibilities and risks. Making a small mistake, or overlooking a detail in the complex world of finance can lead to serious problems.

The right insurance policy, tailored for financial service professionals can offer a safety net for these experts and their businesses.

Types of Coverage

Professional Liability Insurance (Errors & Omissions) can cover legal fees and settlements if a client claims the professional made a mistake or was negligent in their services.

General Liability Insurance provides coverage for claims of bodily injury or property damage that occur at the workplace.

Cyber Liability Insurance offers protection in case of data breaches or cyber-attacks and is an important coverage for professionals who handle sensitive financial and client information.

Commercial Property Insurance covers damages to office space and its contents resulting from an unexpected event like a fire. Not all causes of damage are covered by all insurance policies, so it's important to carefully review your policy.

Professional Insurance for Professional Services

This insurance is specially designed for people who work in the finance industry. It helps protect professionals from the costs of legal issues that can arise if a mistake is made or someone is unsatisfied with the work. The insurance can cover the costs of defending against a lawsuit, and any settlements or judgments that may be awarded.

Everyone makes mistakes, no matter how careful or experienced they are. In the financial world, a mistake can mean big losses for clients. Unhappy clients might sue. Insurance can help financial professionals by covering the costs associated with these legal challenges, protecting their personal and business finances. It can prevent financial ruin from a single mistake.

Frisby & Fitzgibbon Insurance works with a variety of financial service professionals including

• Accountants and CPAs
• Bookkeeping services
• Tax preparation service providers
• Financial advisors and planners
• Stockbrokers

Insurance for financial service professionals is not just about managing risks. It’s about securing the future of the profession, maintaining trust with clients, and ensuring the smooth operation of financial services. It brings peace of mind to both the professionals and their clients, knowing that even if something goes wrong, there is a safety net in place to handle the effects.