INSURANCE FOR PLAN ADVISORS
Uniquely tailored to you
Lockton Affinity Advisor provides insurance solutions to meet the unique needs of American Retirement Association members, from cost of correction to breach of fiduciary duty claims.
PLAN ADVISOR SOLUTIONS
Our exclusive solution
As a plan advisor, we know you face many challenges to meet compliance requirements, protect your business and control your risk. Many products on the market don’t address these exposures. Coverage from Lockton Affinity Plan Advisor Insurance Program does.
Along with broad access to all the top carriers, plan advisors can access our exclusive, proprietary solutions for Errors & Omissions and Cyber Liability.
Errors and Omissions
Errors and Omissions insurance from Lockton Affinity Advisor is designed to cover your risk as a plan advisor, from regulatory exposures to custodian requirements. Our E&O policy covers certain legal fees, judgments or settlements resulting from claims and litigation brought against you for the services you provided. It includes fiduciary coverage to meet ERISA standards and ensure any fiduciary duties you perform are also covered.
With this policy, you receive:
- ERISA claims counsel
- Investigation expenses, including investigations by the Department of Labor, SEC and IRS
- Coverage for IRS Section 4975 fines
- No exclusions for alternative investments
Cyber Liabitity Insurance
Through the Lockton Affinity Plan Advisor Insurance Program, you can add cyber liability to your E&O policy. Together, these policies address many of the deficiencies found in the market. Currently, many providers offer insurance with a low price point. Unfortunately, this often means poor coverage, hidden fees and no available cyber coverage.
In the event of a cyber incident, financial exposures can exceed $250 per record. With Lockton Affinity Advisor’s Cyber Liability Insurance, you no longer carry the risk of these costs.
With this policy, you receive:
- Fraudulent impersonation coverage with no sublimit
- First and third party coverage
- Cyber extortion and ransomware coverage
- Notification services
- Multiple limit and deductible options
KEY COMPONENTS
Our E&O with Cyber Liability Insurance offers:
Extensive coverage
Lockton Affinity provides insurance solutions to meet your unique needs, from cost of correction to a breach of fiduciary duty claim.
Individual policy limits
Lockton Affinity Advisor’s E&O policy has individual limits, rather than a master policy with shared aggregate limits. There is no sharing of the policy, so you will always have access to your full policy limits.
Speed and ease
Through Lockton Affinity Advisor, we provide a no obligation policy review. When you are ready to buy, you can get a quote and purchase E&O and Cyber Liability Insurance in less than 10 minutes.
Expertise
Our representatives are knowledgeable about insurance and the needs of financial professionals. In fact, we have been providing insurance solutions for professionals like you for more than 20 years.
ABOUT US
We’re more than just insurance experts—
we’re specialists in the FI industry.
Lockton Affinity Advisor was created specifically to serve the needs of the FI industry. In particular, we are known for being specialists in the RIA space. As an independent broker with world-class resources, we have the freedom to find a custom-fit solution for every client, whether with one of our proprietary solutions or with one of the many open market options we write for.
INDUSTRY EXPERTISE
Work with experienced FI industry professionals who make the entire process easy from start to finish.
COMPREHENSIVE COVERAGE
Access to one of the broadest arrays of options available, including custom-fit, full-service solutions.
BEST-IN-CLASS SERVICE
Contact us and talk to a real person for consultation, coverage setup and service of your account.
Contact us
If you have any questions about the Lockton Affinity Advisor Insurance Program, please call one of our knowledgeable Associates today or fill out our contact form.
(844) 868-7142
Phones are answered Monday through Friday, 7 AM to 5:30 PM (CST).
