E&O Insurance for Registered Investment Advisor Firms (RIAs)

E&O Insurance for Registered Investment Advisors (RIAs). Get a quote and buy online — you could save up to 20%.^**

Program Overview
Who’s This For?
What’s Covered?
Coverage Options
Disclosures
Program Administrator

E&O Insurance for for RIA Firms Who Take Their Work Seriously

Protection for the firm behind every trusted advisor.

Running a Registered Investment Adviser firm takes more than strong planning insights — it takes structure, discipline, and the kind of leadership that holds the entire advisory team to a higher standard. Clients don’t see “the firm” as a corporate backdrop. They see it as the brand that stands behind the advice, accountability, and confidence your advisors deliver.

That’s why E&O Insurance for RIA Firms isn’t just about protecting individual advisors. It’s about protecting the entity that supervises, guides, and ultimately owns the client relationship.

AdvisorCovered delivers RIA firm E&O insurance backed by Nationwide Insurance, built for firms with employed advisors, contracted IARs, and structured supervisory responsibilities. Whether your firm has two IARs or twenty, liability follows the entity — and the entity needs dedicated protection.

This is professional liability coverage for the firm that owns the ADV, manages compliance, and carries the responsibility for every advisory touchpoint under its umbrella.

E&O Coverage for RIA Firms Backed by Nationwide Insurance

This E&O policy covers:

The RIA entity

Employed IARs acting on behalf of the firm
Independent contractor IARs working under a written agreement with the firm
Administrative staff and clerical employees
Executive officers and directors while performing advisory or supervisory duties

This is entity-level protection — designed for firms where responsibility extends beyond a single advisor and attaches to the firm’s supervisory and compliance framework.

Individual IAR policies remain available for advisors seeking coverage beyond the entity structure.

What’s Covered? (For LLCs & Corporations)

Your firm is accountable for every recommendation, supervisory decision, and advisory process carried out under its name. This policy is designed around those real-world exposures.

Coverage includes:

Professional liability protection for the RIA entity
Vicarious liability coverage for employed and supervised IARs
Coverage for advisory services listed in the firm’s Form ADV
Protection for financial planning, investment analysis, and retirement guidance
Defense against allegations of errors, omissions, or supervisory failures
Coverage for limited discretionary advisory authority
Coverage for clerical and administrative staff acting on behalf of the firm
Access to optional endorsements such as:
- Trading Errors
- Cost of Corrections
- Leveraged or Inverse ETF endorsements (where eligible)

This is comprehensive E&O Insurance for RIA Firms — not repurposed individual-advisor coverage.

RIA Firm E&O Firms Eligibility & Limits and Deductibles

AdvisorCovered provides E&O coverage for RIA firms that meet the following guidelines:

You must be a Registered Investment Adviser entity operating in good standing
Your firm generates $2 million or less in annual advisory revenues (higher-revenue firms may request a custom quote)
Advisory activities must fall within the scope of permitted services disclosed in your Form ADV
Coverage extends to:
- Employed Investment Adviser Representatives (IARs)
- Independent contractor IARs acting on behalf of the firm
Your firm may provide non-discretionary advice and limited discretionary authority over:
- Mutual funds
- Publicly traded stocks and bonds
- Publicly traded REITs
- Covered calls and protective puts
- Standard (non-inverse, non-leveraged) ETFs and ETNs
Your firm may not custody client funds or assets
Your firm may not engage in private placements, promissory notes, unregistered securities, or speculative trading strategies

Custom underwriting may be available for firms that exceed revenue thresholds or require broader discretionary authority.

AdvisorCovered offers limits that scale with the size and structure of your RIA firm:

Limit Options

$1,000,000 per claim / $1,000,000 aggregate
$1,000,000 per claim / $3,000,000 aggregate
$2,000,000 per claim / $2,000,000 aggregate

Higher limits may be available through custom underwriting for firms with larger assets under management or increased supervisory responsibilities.

Deductibles

Deductible options vary by firm size and revenue tier, with typical selections ranging from:

– $1,000 to $10,000 per claim

The deductible shown on your declarations page reflects your firm’s underwriting class and selected limit.

Download the Policy

This specimen reflects the core wording used for Registered Investment Advisor (RIA) Firms. Your declarations page will identify your chosen limits, deductibles, and endorsements.

View Policy Specimen

Policy Delivery Disclosures

All policy documents and most policy-related communications are delivered electronically by default where permitted by law. You can review or update your delivery preferences at any time through your AdvisorCovered.com account. Paper copies may be available upon request, subject to applicable law.

This website provides only a general summary of coverage. For complete details on covered professional services, definitions, exclusions, limits, deductibles, and conditions, please review the specimen policy form and endorsements provided with your quote and issued policy.
By enrolling in this E&O insurance program, you acknowledge that coverage is provided through the Financial Services Professional Liability Risk Purchasing Group, a purchasing group formed pursuant to the federal Liability Risk Retention Act. Each member of this purchasing group is insured for separate limits of liability and is individually responsible for payment of all premiums, fees, and applicable taxes.

E&O insurance offered through AdvisorCovered.com is backed by the Nationwide Insurance Group, providing the financial strength and stability you expect from a nationally recognized carrier.

Coverage is subject to underwriting approval, the terms and conditions of the issued policy, and applicable state law. Coverage may not be available in all jurisdictions.

Your Program Administrator

The AdvisorCovered E&O Insurance Program is administered by IronPoint Insurance Services, LLC. Administrative services include application processing, policy review and issuance, electronic document delivery, premium billing and payment processing, mid-term policy changes, issuance of certificates of insurance, renewal management, and customer support.

IronPoint Insurance Services, LLC
California Insurance License No. 0G87821
Licensed in additional states as required for the placement and servicing of E&O coverage.

Nationwide Insurance is the underwriting carrier responsible for all contractual obligations of the policy, including claims handling and defense. Claims must be reported in accordance with the reporting instructions contained in the issued policy form.

For questions regarding enrollment, billing, endorsements, or policy servicing, please contact the AdvisorCovered support team or visit our Frequently Asked Questions for more information.