This insurance protects the firm and its employees and representatives if they are sued by clients for any actual or alleged negligent act, error or omission committed in selling securities and insurance products. This product can be broadened to also cover investment advisory services. Coverage includes legal defense costs even where allegations are baseless. Common claims allege negligence, misrepresentation, unsuitability, or failure to supervise.
Learn More about Broker/Dealer Errors & Omissions Insurance
Click here for a securities broker/dealer errors & omissions application.