Frustrated with Liability Insurance
Just curious to know how many RIAs are operating without professional liability insurance?
I have spent close to a month trying to get a couple of quotes, for comparison purposes, and I am getting frustrated. They seem to nitpick everything on the Form ADV. No performance fee billing, no CMOs, no ETNs, no junk bonds, etc., etc., etc.
The only quote I have is from Chubb, $6,000/year with a $15,000 deductible. Comments?
FYI: Got a new quote from Lloyd’s of London. $3600/year with a $5,000 deductible. Sounds pretty good.
Sounds like being a fiduciary is very expensive.
try CalInsurance – U have 2 B a licnesed insurance agent tho and be appointed by Legacy
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