Financial Services

Asset managers not only have client money to worry about—they also need to protect their own assets and those of the firm from liability claims. When the market is volatile or investors experience large losses, allegations can increase in number and severity, but financial services professionals are always at risk of accusations of fiduciary mismanagement from disgruntled clients.

Who Is Protected

That’s why financial services insurance from Evans, Pires & Leonard is so important. It protects registered investment advisors, broker-dealers, family offices, independent firms, portfolio managers and wealth advisors of all kinds. Our financial services insurance options also include investment banking E&O, which covers critical areas such as mergers and acquisitions, failure to disclose risks, failure to comply with guidelines, breach of trust and more. In fact, we can insure financial institutions of all kinds, including insurance brokerages and agencies, mutual funds, hedge funds, private banks, private equity funds, and wirehouses, to name a few.

Coverages Offered

Our insurer partners offer professional liability insurance (errors and omissions insurance, or E&O) as well as employment practices liability insurance (EPLI); directors and officers insurance (D&O); fidelity insurance (crime); fiduciary liability and ERISA bonds; representations and warranty liability; cyber liability and more.

Policies vary but typically include coverage for certain defense costs and settlements, and many will respond under regulatory investigations that don’t end up in a lawsuit. Our advisors are experts at insuring financial services businesses, so we will consult with you about your activities and clientele to determine the best selection of products for you. Some specialty coverages, such as reputational coverage and kidnap/ransom-extortion insurance, may also be available.

    Contact Us Today

    Fill out the form to ask a question or request a quote and it will be answered by one of our insurance experts.

    When you’re in a sophisticated business, you need a partner who’s up to the task.

    With Evans, Pires & Leonard, you’re not a policy to us. We create a relationship with our customers through earned trust, integrity, experience, and knowledge. Give us a call at 860.289.6816 or email us, or if you prefer fill out and return the convenient form on this page. One of our professionals will contact you to discuss your insurance needs and our alternative solutions in helping to protect you. Since 1967, we have been serving the communities from Tolland to Glastonbury to Portland and Old Saybrook.