Investment Advisor Representative
E&O Insurance

Every great financial advisor knows this: people don’t hire you for products. They hire you for perspective. For judgment. For the ability to look past the noise and help them make decisions that feel right — not just today, but ten years from now.

It’s a deeply human kind of work.

And because the relationship is personal, the liability is personal too.

• If a client misunderstands a plan…
• If a portfolio performs differently than expected…
• If someone claims you “should have done more”… If a document gets misread, misfiled, or misinterpreted…

You need protection built for the way you advise — not for how someone thinks you advise.

AdvisorCovered delivers E&O Insurance for Financial Advisors grounded in the realities of today’s investment advisory world. It protects IARs, financial planners, and individual investment advisors who serve clients through guidance, analysis, and planning — rather than product-based brokerage activity.

It’s clear, modern, backed by Nationwide Insurance, and administered by IronPoint Insurance Services.

Most importantly, it’s designed for the professional you actually are.

This program is built for Investment Adviser Representatives (IARs) and financial planners whose value comes from thinking, planning, and guiding — not selling or executing brokerage transactions.

It is ideal for:

• Investment Adviser Representatives (IARs) working under a Registered Investment Adviser
• Fee-only and fee-based financial planners
• Individual investment advisors providing planning, analysis, and long-term guidance
• Advisors providing non-discretionary investment advice
• Advisors exercising limited discretionary authority over approved securities
• Advisors holding Series 6 or 7 registrations who are not transacting through a broker-dealer
• Professionals helping clients plan, build, save, and retire with purpose
• Solo practitioners needing individual-level liability protection — not entity coverage

If you’re the person clients turn to when they want clarity about their financial future, this is your policy.

This is individual-level protection.

Your policy covers:

• You — the individual IAR, planner, or financial advisor
• Advisory services performed under your supervising RIA
• Temporary or clerical staff acting on your behalf
• Your personal assets in the event of a covered professional liability claim
• Fiduciary-style advisory work within the scope of your registration

This policy does not cover the RIA entity itself.

A separate RIA Firm E&O policy is available for entities with employees, contractors, or supervised personnel.

This coverage protects the analytical, advisory, and planning work at the core of your profession. It’s the safety net behind the plans you build, the guidance you give, and the confidence clients place in you.

Your policy includes:

• Protection for errors, omissions, and negligence tied to advisory services
• Coverage for financial planning, portfolio analysis, and retirement advice
• Coverage for investment advisory services performed under your RIA
• Defense for allegations of misrepresentation or failure to recommend
• Protection for non-discretionary and limited discretionary advisory activity
• Optional endorsements for:
  • Cost of Corrections
  • Trading Errors
  • Leveraged & Inverse ETF coverage (if eligible)
  • Personal asset protection in the event of a covered claim

This is professional liability insurance for financial advisors, not a repurposed general liability form.

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.

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.