Looking for Finance Insurance?
Protect your financial services business from professional errors, data breaches, regulatory claims, and client disputes. Harper provides insurance for advisors, planners, accountants, and finance professionals with fast certificates for broker-dealers, compliance teams, and client contracts.
What is Finance Insurance?
Finance insurance protects financial professionals from claims tied to advice errors, missed details, client disputes, and regulatory scrutiny. Coverage typically includes professional liability (E&O), cyber liability for sensitive client data, and fiduciary liability when managing retirement plans or employee benefits. Many broker-dealers, regulators, and client contracts require proof of coverage before you can operate or onboard clients.
Professional Liability (E&O)
Covers claims alleging errors, omissions, or negligent financial advice that results in a client’s financial loss.
Cyber & Data Protection
Protects against data breaches, phishing, ransomware, and exposure of client financial information, often including notification and response costs.
Fiduciary Liability
Covers claims related to plan management, fiduciary duty allegations, or administrative errors when handling employee benefit or retirement plans.
Certificates
Fast proof of insurance for broker-dealers, regulators, custodians, and client agreements.
Who Needs Finance Insurance?
- Financial advisors : Businesses requiring specialized insurance coverage
- Financial planners : Businesses requiring specialized insurance coverage
- Accountants and tax professionals : Businesses requiring specialized insurance coverage
- Wealth managers : Businesses requiring specialized insurance coverage
Why Harper?
Financial Services Expertise
Finance professionals face unique risk: advice-based claims, strict documentation standards, and evolving regulatory expectations. Harper understands those exposures and places coverage that fits real-world finance and advisory work.
Fast Proof for Compliance & Partnerships
Broker-dealers, custodians, and corporate clients often need insurance documentation quickly. Harper delivers certificates and required endorsements fast, so onboarding and renewals don’t stall.
Clear, Practical Guidance
We explain E&O, cyber, and fiduciary coverage in straightforward terms so you know what’s protected, what isn’t, and where gaps typically show up.
Coverage Matched to Your Practice
Whether you’re focused on financial planning, tax work, investment advice, or wealth management, Harper aligns coverage to your services, client profile, and contract requirements.
Frequently Asked Questions
What insurance do finance professionals need?
Most finance professionals need professional liability (E&O) as a baseline. Cyber liability is strongly recommended due to sensitive client data and digital communication risks. If you manage benefit plans or have fiduciary responsibilities, fiduciary liability may also be required. General liability may apply if you have an office where clients visit.
Is financial services insurance required?
Often, yes. Many broker-dealers, regulators, and professional affiliations require E&O coverage. Client contracts, especially corporate or institutional clients may also require proof of professional liability and cyber coverage before engagement.
How much does financial services insurance cost?
Pricing depends on your services, revenue, and risk profile. Solo advisors often pay around $1,500–$4,000 annually. Firms typically range from $5,000–$20,000+ depending on size, claims history, and exposure (including AUM where applicable).
Does insurance cover investment losses?
E&O insurance can cover claims alleging negligence or professional error that contributed to losses. It does not cover normal market performance, investment volatility, or guaranteed return promises.
Does insurance cover data breaches?
Cyber liability may cover breach response costs, client notification, credit monitoring, forensic investigation, and certain regulatory expenses, depending on the policy and the nature of the incident.
Can I add broker-dealers or partners as additional insureds?
Some affiliation agreements require specific certificate wording or endorsements. Harper helps confirm what’s needed and issues certificates that meet broker-dealer or partner compliance requirements.