NAPA Premier FPA Errors & Omissions Insurance Program
E&O Insurance for NAPA Premier FPA Individual IARs & Advisors
- About This Coverage
- Program Eligibility
- Pricing Information
- Program Features
- Payment Options
- Policy Exclusions
- Underwriter
- Disclosures
- Program Administrator
E&O Insurance for FPA Registered Investment Advisors & IARs
- Being a member of the FPA now qualifies you for professional liability with expanded coverage options and preferred pricing for RIAs and Financial Planners!
- Need a Custom Quote? RIAs, IARs, and Financial Planners looking for expanded coverage, additional discretionary coverage, or have revenues greater than $2,000,000 complete this short indication form.
- Need RIA Firm Coverage? We have group and individual policies to fit the specific needs of RIA Firms looking to cover the firm and one or more investment advisors. Just select the "RIA Firms With Multiple Advisors" option.
- With multiple plans and limit options, easy online enrollment with an instant certificate, and flexible payment terms, NAPA Premier has the right coverage to fit your needs without the hassle of traditional securities E&O programs. Pay in full or choose monthly payments via credit card or electronic funds transfer (EFT).
- Need ADV or CRD information? Go to BrokerCheck.
- Not eligible for this program? Search other E&O programs.
Program Eligibility
- This E&O insurance is specifically designed for:
- Registered Investment Advisors (RIA)
- Investment Advisory Representatives (IAR)
- Financial Planners
- Need a Custom Quote? If you are looking for alternative investment coverage, expanded discretionary coverage, or have revenues greater than $2,000,000 complete this short indication form
- Investment Advisor E&O Coverage Options:
-
RIA PLUS: Provides coverage for a named insured for acts as a fee based "financial planner", "registered investment adviser" and "associated person" providing non-discretionary investment advisory services, including the use of sub-advisors.
- Discretionary investment advisory services coverage only provided for the purchase or sale of mutual funds, publicly traded stocks, publicly traded bonds and publicly traded REITS (on an exchange); covered calls, protective puts, and regular Exchange Traded Funds (ETFs) and Exchange Traded Notes (ETNs);
- Limited leveraged or inverse ETFs or ETNs coverage, as provided by the Leveraged and Inverse Securities Endorsement.
- Also includes coverage for acts as a "life insurance agent" selling fixed life, accident, health, long term care, disability, Medicare Advantage and Medicare Supplement plans, and fixed & indexed annuities.
- RIA CHOICE: includes RIA PLUS coverage as well as coverage for sale and servicing of Mutual Funds & Variable Products
- RIA PREMIUM: includes RIA CHOICE coverage as well as acts as a Series 7 "registered representative" selling publicly traded stocks, bonds and REITS, "covered calls", protective puts, and Exchange traded funds and notes (ETFs & ETNs, other than inverse and leveraged such securities) –
- Please Note: Total commission income for the prior calendar year from the sale of covered series 7 products cannot exceed 25% of total commission income for the prior calendar year.
- A valid license/registration in all jurisdictions in which applicant will act as an Agent and/or as a Registered Representative is required to be eligible for this program.
- $1 Million per claim / $1 Million annual aggregate
- $1 Million per claim / $3 Million annual aggregate
- $2 Million per claim / $2 Million annual aggregate
Pricing Information
Pricing shown above is for the RIA PLUS option and is based on a coverage limit of $1,000,000 per wrongful act / $1,000,000 annual aggregate$1 Million per claim / $1 Million annual aggregate
RIA PLUS: Provides coverage for a named insured for acts as a fee based "financial planner", "registered investment adviser" and "associated person" providing non-discretionary investment advisory services, including the use of sub-advisors.
Discretionary investment advisory services coverage only provided for the purchase or sale of mutual funds, publicly traded stocks, publicly traded bonds and publicly traded REITS (on an exchange); covered calls, protective puts and regular Exchange Traded Funds (ETFs) and Exchange Traded Notes (ETNs);
Limited leveraged or inverse ETFs or ETNs coverage, as provided by the Leveraged and Inverse Securities Endorsement.
Also includes coverage for acts as a "life insurance agent" selling Life, accident, health, long term care, disability, Medicare Advantage and Medicare Supplement plans, and fixed & indexed annuities.
| Prior Calendar Year Gross Revenue | In Full | or Down Payment | w/Monthly Payment |
|---|---|---|---|
|
$0-$125,000
|
$
775
|
$
202.50
|
$
57.50
|
|
$125,001-$250,000
|
$
1,100
|
$
229.62
|
$
84.58
|
|
$250,001-$500,000
|
$
1,550
|
$
290
|
$
120
|
|
$500,001-$999,999
|
$
2,400
|
$
383.75
|
$
188.75
|
|
$1,000,000-$1,500,000
|
$
5,030
|
$
635.00
|
$
405.00
|
|
$1,500,001-$1,999,999
|
$
6,730
|
$
799.62
|
$
544.58
|
Use the Rate Calculator to see additional coverage and pricing options.
Pay in full or choose monthly payments via credit card or electronic funds transfer (EFT). For those customers that select the monthly payment option, your credit card or EFT will be processed on the first of each month.
- Prices include $60.00 NAPA Membership dues and applicable fees, taxes and doc stamps. Down payment refers to monthly payment option. Your down payment includes one month's premium, NAPA dues, administrative fees and a $5.00 monthly processing fee. Down payments will be processed immediately; monthly deductions as shown above will begin the first of the month after enrollment effective date.
- At the time of enrollment, each agent will be required to make a non-refundable payment in the amount of the first month’s premium (minimum earned premium). Administrative fees, NAPA dues, and minimum earned premium are non-refundable.
Program Features
- Prior acts coverage back to first date of continuous coverage
- Vicarious liability is provided for an entity owned or controlled by an individual insured representative who is listed on the policy as an individual insured
- Extended Reporting Period(s) available
- NAPA Premier E&O Advantages:
- Preferred underwriting and acceptance
- Preferred pricing
- Coverage for disciplinary hearing costs
- Coverage for clerical and administrative staff
- Coverage extends to agency for all of individual named insureds
- $25,000,000 Master Policy Annual Aggregate (except with respect to NY insureds)
- Provides coverage for named insured's present, former or future employees who are not financial services professionals, but only while acting within the course and scope of the duties as an employee of the named insured or a representative named on this policy.
- Painless automatic renewal process
- As a busy professional, you have a lot on your plate. With NAPA's auto-renew feature, there's no need to complete an application every year. We’ll send you a renewal notice and if you still meet the eligibility requirements, you don’t have to do anything.
- We’ll automatically renew your policy using the payment information we have on file. It’s that easy!
- This is a claims made and reported policy. Claims must be submitted as soon as practicable in writing to the insurer. Coverage only applies to claims first made during the policy period and claims must be reported during the policy period or during an extended reporting period (ERP). Prior acts are covered back to the first day of continuous E&O coverage. Please refer to the policy form for claim reporting provisions and definition of a claim, prior acts definition, and ERP details.
- Please Note: Policy retention decreases are not reflected on the certificate of insurance. Eligibility for a retention decrease is determined and applied at the time of claim.
- $1,000 for claims arising from fixed life, health, accident and disability insurance and fixed & indexed annuities. This retention reduces based on continuous participation in the program according to the following schedule: Year 1: $1,000, Year 2: $800, Year 3: $600, Year 4: $400, Year 5 and beyond: $200.
- $3,500 for fee based investment advisory activities. This retention reduces based on continuous participation in the program according to the following schedule: Year 1: $3,500, Year 2: $3,000, Year 3: $2,500, Year 4: $2,000, Year 5 and beyond: $1,500.
- $5,000 for all other covered claims (e.g. variable products, mutual funds, Series 6 & 7) This retention reduces based on continuous participation in the program according to the following schedule: Year 1: $5,000, Year 2: $4,500, Year 3: $3,000, Year 4: $2,000, Year 5 and beyond: $1,000.
Payment Options
- Pay in full or choose monthly payments via credit card or electronic funds transfer (EFT). For those customers that select the monthly payment option, your credit card or EFT will be processed on the first of each month.
Policy Exclusions
- RIA Exclusions
Disclaimer: The following is a list of exclusions for E&O coverage of Investment Advisory Services. For a complete list of coverage limitations and exclusions, please refer to the Master Policy.- Derivatives
- Callable, Step-up or step-down Certificates of Deposit (CDs)
- CDOs (collateralized debt obligations)
- Private Equity Investments , Private Placements
- Structured settlements
- Structured Notes
- Securities not registered with SEC (other than Federal, State, or Municipal securities)
- Limited Partnerships (LPs) and REITS that are NOT publicly registered
- Arbitrage
- Short Sales (except short against the box)
- Commodities, Commodities future contracts
- Any Options or Futures (other than covered calls
- Hedge Funds
- Viatical investments
- Promissory Notes
- Proprietary products
- Day trading investment strategies
Underwriter
One or more of the CNA companies provide the products and/or services described. The information is intended to present a general overview for illustrative purposes only. It is not intended to constitute a binding contract.
Please remember that only the relevant insurance policy can provide the actual terms, coverages, amounts, conditions and exclusions for an insured. All products and services may not be available in all states and may be subject to change without notice. “CNA" is a registered trademark of CNA Financial Corporation. Certain CNA Financial Corporation subsidiaries use the "CNA" service mark in connection with insurance underwriting and claims activities. Copyright © 2025 CNA. All rights reserved.
www.cna.com
CNA is an A.M. Best "A" (Excellent) XV rated carrier.
- This errors and omissions coverage is placed with an admitted carrier. Please reference the A.M. Best rating and disclosures link below for an explanation of admitted and non-admitted carriers.
Disclosures
All policy documents are delivered in electronic format by default.
You can manage your renewal notice delivery options by visiting "My Account" menu option at the top of the page. Refer to the policy form by clicking on the Policy button at the top of the page for more details on covered professional services and exclusions. A.M. Best rating and other disclosures.
- All policy related documents and communications are delivered in electronic format where allowable by law.
- By enrolling in this insurance policy, the applicant agrees to become a non-voting member of Professional Agents Risk Purchasing Group, Inc. ("PARPG"). PARPG is a Delaware non-profit corporation that provides liability insurance for its members as a "Purchasing Group" in accordance with the Federal Liability Risk Retention Act (15 U.S.C. §3901 et seq.). Each member of PARPG is covered for separate limits of liability and is required to pay all premiums when due.
- For complete details on covered professional services and exclusions, please refer to the policy form.
Program Administrator
This E&O Insurance program is administered by NAPA. Program administrative services include policy review and issuance, premium billing and invoicing, mid-term policy changes, coordination and issuance of certificates of insurance, online enrollment and account management and a dedicated customer support team with phone, chat and online contact features.
Refer to the policy form for additional definitions, terms, and conditions. Please contact us with any questions or concerns; you can also visit our Frequently Asked Questions for additional information.
Rate Calculator
E&O Insurance for NAPA Premier FPA RIA Firms & LLCs & Corporations
- About This Coverage
- Program Eligibility
- Pricing Information
- Program Features
- Payment Options
- Policy Exclusions
- Underwriter
- Disclosures
- Program Administrator
E&O Insurance for FPA RIA Firms & LLCs & Corporations
- Being a member of the FPA now qualifies you for professional liability with expanded coverage options and preferred pricing for RIAs and Financial Planners!
- Need a Custom Quote? RIA Firms looking for expanded coverage, additional discretionary coverage, or have revenues greater than $2,000,000 complete this short indication form.
- With multiple plans and limit options, easy online enrollment with an instant certificate, and flexible payment terms, NAPA Premier has the right coverage to fit your needs without the hassle of traditional securities E&O programs. Pay in full or choose monthly payments via credit card or electronic funds transfer (EFT).
- Need ADV or CRD information? Go to BrokerCheck.
- Not eligible for this program? Search other E&O programs.
Program Eligibility
- This E&O insurance is specifically designed for:
- RIA Firms with Multiple advisors with total firm annual revenues of $2 Million or less. Coverage extends to employed IARs and/or independent contractors, but only while acting on behalf of the covered Firm
- RIA Firms that had prior calendar year gross revenues greater than $2,000,000 submit a custom quote
- Investment Advisor E&O Coverage Options:
-
RIA PLUS: Provides coverage for a named insured for acts as a fee based "financial planner", "registered investment adviser" and "associated person" providing non-discretionary investment advisory services, including the use of sub-advisors.
- Discretionary investment advisory services coverage only provided for the purchase or sale of mutual funds, publicly traded stocks, publicly traded bonds and publicly traded REITS (on an exchange); covered calls, protective puts, and regular Exchange Traded Funds (ETFs) and Exchange Traded Notes (ETNs);
- Limited leveraged or inverse ETFs or ETNs coverage, as provided by the Leveraged and Inverse Securities Endorsement.
- Also includes coverage for acts as a "life insurance agent" selling fixed life, accident, health, long term care, disability, Medicare Advantage and Medicare Supplement plans, and fixed & indexed annuities.
- RIA CHOICE: includes RIA PLUS coverage as well as coverage for sale and servicing of Mutual Funds & Variable Products
- RIA PREMIUM: includes RIA CHOICE coverage as well as acts as a Series 7 "registered representative" selling publicly traded stocks, bonds and REITS, "covered calls", protective puts, and Exchange traded funds and notes (ETFs & ETNs, other than inverse and leveraged such securities) –
- Please Note: Total commission income for the prior calendar year from the sale of covered series 7 products cannot exceed 25% of total commission income for the prior calendar year.
- A valid license/registration in all jurisdictions in which applicant will act as an Agent and/or as a Registered Representative is required to be eligible for this program.
- $1 Million per claim / $1 Million annual aggregate
- $1 Million per claim / $3 Million annual aggregate
- $2 Million per claim / $2 Million annual aggregate
Pricing Information
Pricing shown above is for the RIA PLUS option and is based on a coverage limit of $1,000,000 per wrongful act / $1,000,000 annual aggregate$1 Million per claim / $1 Million annual aggregate
RIA PLUS: Provides coverage for a named insured for acts as a fee based "financial planner", "registered investment adviser" and "associated person" providing non-discretionary investment advisory services, including the use of sub-advisors.
Discretionary investment advisory services coverage only provided for the purchase or sale of mutual funds, publicly traded stocks, publicly traded bonds and publicly traded REITS (on an exchange); covered calls, protective puts and regular Exchange Traded Funds (ETFs) and Exchange Traded Notes (ETNs);
Limited leveraged or inverse ETFs or ETNs coverage, as provided by the Leveraged and Inverse Securities Endorsement.
Also includes coverage for acts as a "life insurance agent" selling Life, accident, health, long term care, disability, Medicare Advantage and Medicare Supplement plans, and fixed & indexed annuities.
| Prior Calendar Year Gross Revenue | In Full | or Down Payment | w/Monthly Payment |
|---|---|---|---|
|
$0-$125,000
|
$
775
|
$
202.50
|
$
57.50
|
|
$125,001-$250,000
|
$
1,100
|
$
229.62
|
$
84.58
|
|
$250,001-$500,000
|
$
1,550
|
$
290
|
$
120
|
|
$500,001-$999,999
|
$
2,400
|
$
383.75
|
$
188.75
|
|
$1,000,000-$1,500,000
|
$
5,030
|
$
635.00
|
$
405.00
|
|
$1,500,001-$1,999,999
|
$
6,730
|
$
799.62
|
$
544.58
|
Use the Rate Calculator to see additional coverage and pricing options.
Pay in full or choose monthly payments via credit card or electronic funds transfer (EFT). For those customers that select the monthly payment option, your credit card or EFT will be processed on the first of each month.
- Prices include $60.00 NAPA Membership dues and applicable fees, taxes and doc stamps. Down payment refers to monthly payment option. Your down payment includes one month's premium, NAPA dues, administrative fees and a $5.00 monthly processing fee. Down payments will be processed immediately; monthly deductions as shown above will begin the first of the month after enrollment effective date.
- At the time of enrollment, each agent will be required to make a non-refundable payment in the amount of the first month’s premium (minimum earned premium). Administrative fees, NAPA dues, and minimum earned premium are non-refundable.
Program Features
- Prior acts coverage back to first date of continuous coverage
- Vicarious liability is provided for an entity owned or controlled by an individual insured representative who is listed on the policy as an individual insured
- NAPA Premier E&O Advantages:
- Preferred underwriting and acceptance
- Preferred pricing
- Coverage for disciplinary hearing costs
- Coverage for clerical and administrative staff
- Coverage extends to agency for all of individual named insureds
- $25,000,000 Master Policy Annual Aggregate (except with respect to NY insureds)
- Provides coverage for named insured's present, former or future employees who are not financial services professionals, but only while acting within the course and scope of the duties as an employee of the named insured or a representative named on this policy.
- Painless automatic renewal process
- As a busy professional, you have a lot on your plate. With NAPA's auto-renew feature, there's no need to complete an application every year. We’ll send you a renewal notice and if you still meet the eligibility requirements, you don’t have to do anything.
- We’ll automatically renew your policy using the payment information we have on file. It’s that easy!
- This is a claims made and reported policy. Claims must be submitted as soon as practicable in writing to the insurer. Coverage only applies to claims first made during the policy period and claims must be reported during the policy period or during an extended reporting period (ERP). Prior acts are covered back to the first day of continuous E&O coverage. Please refer to the policy form for claim reporting provisions and definition of a claim, prior acts definition, and ERP details.
- Please Note: Policy retention decreases are not reflected on the certificate of insurance. Eligibility for a retention decrease is determined and applied at the time of claim.
- $1,000 for claims arising from fixed life, health, accident and disability insurance and fixed & indexed annuities. This retention reduces based on continuous participation in the program according to the following schedule: Year 1: $1,000, Year 2: $800, Year 3: $600, Year 4: $400, Year 5 and beyond: $200.
- $3,500 for fee based investment advisory activities. This retention reduces based on continuous participation in the program according to the following schedule: Year 1: $3,500, Year 2: $3,000, Year 3: $2,500, Year 4: $2,000, Year 5 and beyond: $1,500.
- $5,000 for all other covered claims (e.g. variable products, mutual funds, Series 6 & 7) This retention reduces based on continuous participation in the program according to the following schedule: Year 1: $5,000, Year 2: $4,500, Year 3: $3,000, Year 4: $2,000, Year 5 and beyond: $1,000.
Payment Options
- Pay in full or choose monthly payments via credit card or electronic funds transfer (EFT). For those customers that select the monthly payment option, your credit card or EFT will be processed on the first of each month.
Policy Exclusions
- RIA Exclusions
Disclaimer: The following is a list of exclusions for E&O coverage of Investment Advisory Services. For a complete list of coverage limitations and exclusions, please refer to the Master Policy.- Derivatives
- Callable, Step-up or step-down Certificates of Deposit (CDs)
- CDOs (collateralized debt obligations)
- Private Equity Investments , Private Placements
- Structured settlements
- Structured Notes
- Securities not registered with SEC (other than Federal, State, or Municipal securities)
- Limited Partnerships (LPs) and REITS that are NOT publicly registered
- Arbitrage
- Short Sales (except short against the box)
- Commodities, Commodities future contracts
- Any Options or Futures (other than covered calls
- Hedge Funds
- Viatical investments
- Promissory Notes
- Proprietary products
- Day trading investment strategies
Underwriter
One or more of the CNA companies provide the products and/or services described. The information is intended to present a general overview for illustrative purposes only. It is not intended to constitute a binding contract.
Please remember that only the relevant insurance policy can provide the actual terms, coverages, amounts, conditions and exclusions for an insured. All products and services may not be available in all states and may be subject to change without notice. “CNA" is a registered trademark of CNA Financial Corporation. Certain CNA Financial Corporation subsidiaries use the "CNA" service mark in connection with insurance underwriting and claims activities. Copyright © 2025 CNA. All rights reserved.
www.cna.com
CNA is an A.M. Best "A" (Excellent) XV rated carrier.
- This errors and omissions coverage is placed with an admitted carrier. Please reference the A.M. Best rating and disclosures link below for an explanation of admitted and non-admitted carriers.
Disclosures
All policy documents are delivered in electronic format by default.
You can manage your renewal notice delivery options by visiting "My Account" menu option at the top of the page. Refer to the policy form by clicking on the Policy button at the top of the page for more details on covered professional services and exclusions. A.M. Best rating and other disclosures.
- All policy related documents and communications are delivered in electronic format where allowable by law.
- By enrolling in this insurance policy, the applicant agrees to become a non-voting member of Professional Agents Risk Purchasing Group, Inc. ("PARPG"). PARPG is a Delaware non-profit corporation that provides liability insurance for its members as a "Purchasing Group" in accordance with the Federal Liability Risk Retention Act (15 U.S.C. §3901 et seq.). Each member of PARPG is covered for separate limits of liability and is required to pay all premiums when due.
- For complete details on covered professional services and exclusions, please refer to the policy form.
Program Administrator
This E&O Insurance program is administered by NAPA. Program administrative services include policy review and issuance, premium billing and invoicing, mid-term policy changes, coordination and issuance of certificates of insurance, online enrollment and account management and a dedicated customer support team with phone, chat and online contact features.
Refer to the policy form for additional definitions, terms, and conditions. Please contact us with any questions or concerns; you can also visit our Frequently Asked Questions for additional information.
Rate Calculator
E&O Insurance for NAPA Premier FPA Registered Rep - Series 7 Only
- About This Coverage
- Program Eligibility
- Pricing Information
- Program Features
- Payment Options
- Underwriter
- Disclosures
- Program Administrator
E&O Insurance for FPA Registered Rep - Series 7 Only
- Being a member of the FPA now qualifies you for professional liability with expanded coverage options and preferred pricing for Registered Representatives!
- Need ADV or CRD information? Go to BrokerCheck.
- Not eligible for this program? Search other E&O programs.
Program Eligibility
- This E&O insurance is specifically for Registered Representatives with a Series 7 for those individuals working in wire houses or those leaving such broker/dealers needing prior acts as they transition to a RIA business model.
E&O Coverage Available For:- Sale and servicing of publicly traded stocks, bonds, REITS
- Covered calls, protective puts,
- Exchange traded funds and notes (ETFs & ETNs, other than inverse and leveraged such securities)
- A valid license/registration in all jurisdictions in which applicant will act as an Agent and/or as a Registered Representative is required to be eligible for this program.
- $1 Million per claim / $1 Million annual aggregate
- $1 Million per claim / $3 Million annual aggregate
- $2 Million per claim / $2 Million annual aggregate
Pricing Information
$1 Million per claim / $1 Million annual aggregate
DIAMOND: Coverage for acts as a Series 7 "registered representative" selling publicly traded stocks, publicly traded REITS, bonds, "covered calls", protective puts,and Exchange traded funds and notes (ETFs & ETNs, other than inverse and leveraged such securities).
or pay $1,250 in full
Pay in full or choose monthly payments via credit card or electronic funds transfer (EFT). For those customers that select the monthly payment option, your credit card or EFT will be processed on the first of each month.
- Prices include $60.00 NAPA Membership dues and applicable fees, taxes and doc stamps. Down payment refers to monthly payment option. Your down payment includes one month's premium, NAPA dues, administrative fees and a $5.00 monthly processing fee. Down payments will be processed immediately; monthly deductions as shown above will begin the first of the month after enrollment effective date.
- At the time of enrollment, each agent will be required to make a non-refundable payment in the amount of the first month’s premium (minimum earned premium). Administrative fees, NAPA dues, and minimum earned premium are non-refundable.
Program Features
- Prior acts coverage back to first date of continuous coverage
- Vicarious liability is provided for an entity owned or controlled by an individual insured representative who is listed on the policy as an individual insured
- Extended Reporting Period(s) available
- NAPA Premier E&O Advantages:
- Preferred underwriting and acceptance
- Preferred pricing
- Coverage for disciplinary hearing costs
- Coverage for clerical and administrative staff
- Coverage extends to agency for all of individual named insureds
- $25,000,000 Master Policy Annual Aggregate (except with respect to NY insureds)
- Provides coverage for named insured's present, former or future employees who are not financial services professionals, but only while acting within the course and scope of the duties as an employee of the named insured or a representative named on this policy.
- Painless automatic renewal process
- As a busy professional, you have a lot on your plate. With NAPA's auto-renew feature, there's no need to complete an application every year. We’ll send you a renewal notice and if you still meet the eligibility requirements, you don’t have to do anything.
- We’ll automatically renew your policy using the payment information we have on file. It’s that easy!
- This is a claims made and reported policy. Claims must be submitted as soon as practicable in writing to the insurer. Coverage only applies to claims first made during the policy period and claims must be reported during the policy period or during an extended reporting period (ERP). Prior acts are covered back to the first day of continuous E&O coverage. Please refer to the policy form for claim reporting provisions and definition of a claim, prior acts definition, and ERP details.
- Please Note: Policy retention decreases are not reflected on the certificate of insurance. Eligibility for a retention decrease is determined and applied at the time of claim.
- $5,000 for covered series 7 securities. This retention reduces based on continuous participation in the program according to the following schedule: Year 1: $5,000, Year 2: $4,500, Year 3: $3,000, Year 4: $2,000, Year 5 and beyond: $1,000.
Payment Options
- Pay in full or choose monthly payments via credit card or electronic funds transfer (EFT). For those customers that select the monthly payment option, your credit card or EFT will be processed on the first of each month.
Underwriter
One or more of the CNA companies provide the products and/or services described. The information is intended to present a general overview for illustrative purposes only. It is not intended to constitute a binding contract.
Please remember that only the relevant insurance policy can provide the actual terms, coverages, amounts, conditions and exclusions for an insured. All products and services may not be available in all states and may be subject to change without notice. “CNA" is a registered trademark of CNA Financial Corporation. Certain CNA Financial Corporation subsidiaries use the "CNA" service mark in connection with insurance underwriting and claims activities. Copyright © 2025 CNA. All rights reserved.
www.cna.com
CNA is an A.M. Best "A" (Excellent) XV rated carrier.
- This errors and omissions coverage is placed with an admitted carrier. Please reference the A.M. Best rating and disclosures link below for an explanation of admitted and non-admitted carriers.
Disclosures
All policy documents are delivered in electronic format by default.
You can manage your renewal notice delivery options by visiting "My Account" menu option at the top of the page. Refer to the policy form by clicking on the Policy button at the top of the page for more details on covered professional services and exclusions. A.M. Best rating and other disclosures.
- All policy related documents and communications are delivered in electronic format where allowable by law.
- By enrolling in this insurance policy, the applicant agrees to become a non-voting member of Professional Agents Risk Purchasing Group, Inc. ("PARPG"). PARPG is a Delaware non-profit corporation that provides liability insurance for its members as a "Purchasing Group" in accordance with the Federal Liability Risk Retention Act (15 U.S.C. §3901 et seq.). Each member of PARPG is covered for separate limits of liability and is required to pay all premiums when due.
- For complete details on covered professional services and exclusions, please refer to the policy form.
Program Administrator
This E&O Insurance program is administered by NAPA. Program administrative services include policy review and issuance, premium billing and invoicing, mid-term policy changes, coordination and issuance of certificates of insurance, online enrollment and account management and a dedicated customer support team with phone, chat and online contact features.
Refer to the policy form for additional definitions, terms, and conditions. Please contact us with any questions or concerns; you can also visit our Frequently Asked Questions for additional information.
Rate Calculator
E&O Insurance for NAPA Premier FPA Life & Health agents with Series 7
- About This Coverage
- Program Eligibility
- Pricing Information
- Program Features
- Payment Options
- Underwriter
- Disclosures
- Program Administrator
E&O Insurance for FPA Life & Health agents with Series 7
- Being a member of the FPA now qualifies you for professional liability with expanded coverage options and preferred pricing for Life & Health Agents with a Series 7!
- Need ADV or CRD information? Go to BrokerCheck.
- Not eligible for this program? Search other E&O programs.
Program Eligibility
- This E&O insurance is specifically for licensed Life and/or Health insurance agents with a Series 7
- Life & Health products
- Fixed and Indexed annuities
- Series 6: Mutual Funds & Variable Products Only
- Series 7: publicly traded stocks, bonds and REITS, "covered calls", protective puts, and Exchange traded funds and notes (ETFs & ETNs, other than inverse and leveraged such securities) – Commission from Series 7 activity must be less than 25% of total commission income
- A valid license/registration in all jurisdictions in which applicant will act as an Agent and/or as a Registered Representative is required to be eligible for this program.
- $1 Million per claim / $1 Million annual aggregate
- $1 Million per claim / $3 Million annual aggregate
- $2 Million per claim / $2 Million annual aggregate
Pricing Information
$1 Million per claim / $1 Million annual aggregate
PLATINUM: Coverage for acts as a "life insurance agent" selling fixed and variable life, accident, health, long term care, disability, Medicare Advantage and Medicare Supplement plans, fixed/indexed annuities, variable products and mutual funds. Also includes coverage for acts as a Series 7 "registered representative" selling publicly traded stocks, publicly traded REITS, bonds, "covered calls", protective puts, and Exchange traded funds and notes (ETFs & ETNs, other than inverse and leveraged such securities). Please Note: Total commission income for the prior calendar year from the sale of covered series 7 products can not exceed 25% of total commission income for the prior calendar year.
or pay $874 in full
Pay in full or choose monthly payments via credit card or electronic funds transfer (EFT). For those customers that select the monthly payment option, your credit card or EFT will be processed on the first of each month.
- Prices include $60.00 NAPA Membership dues and applicable fees, taxes and doc stamps. Down payment refers to monthly payment option. Your down payment includes one month's premium, NAPA dues, administrative fees and a $5.00 monthly processing fee. Down payments will be processed immediately; monthly deductions as shown above will begin the first of the month after enrollment effective date.
- At the time of enrollment, each agent will be required to make a non-refundable payment in the amount of the first month’s premium (minimum earned premium). Administrative fees, NAPA dues, and minimum earned premium are non-refundable.
Program Features
- Prior acts coverage back to first date of continuous coverage
- Vicarious liability is provided for an entity owned or controlled by an individual insured representative who is listed on the policy as an individual insured
- Extended Reporting Period(s) available
- NAPA Premier E&O Advantages:
- Preferred underwriting and acceptance
- Preferred pricing
- Coverage for disciplinary hearing costs
- Coverage for clerical and administrative staff
- Coverage extends to agency for all of individual named insureds
- $25,000,000 Master Policy Annual Aggregate (except with respect to NY insureds)
- Provides coverage for named insured's present, former or future employees who are not financial services professionals, but only while acting within the course and scope of the duties as an employee of the named insured or a representative named on this policy.
- Painless automatic renewal process
- As a busy professional, you have a lot on your plate. With NAPA's auto-renew feature, there's no need to complete an application every year. We’ll send you a renewal notice and if you still meet the eligibility requirements, you don’t have to do anything.
- We’ll automatically renew your policy using the payment information we have on file. It’s that easy!
- This is a claims made and reported policy. Claims must be submitted as soon as practicable in writing to the insurer. Coverage only applies to claims first made during the policy period and claims must be reported during the policy period or during an extended reporting period (ERP). Prior acts are covered back to the first day of continuous E&O coverage. Please refer to the policy form for claim reporting provisions and definition of a claim, prior acts definition, and ERP details.
- Please Note: Policy retention decreases are not reflected on the certificate of insurance. Eligibility for a retention decrease is determined and applied at the time of claim.
- $1,000 for claims arising from fixed life, health, accident and disability insurance and fixed & indexed annuities. This retention reduces based on continuous participation in the program according to the following schedule: Year 1: $1,000, Year 2: $800, Year 3: $600, Year 4: $400, Year 5 and beyond: $200.
- $5,000 for all other covered claims (e.g. variable products, mutual funds, Series 6 & 7) This retention reduces based on continuous participation in the program according to the following schedule: Year 1: $5,000, Year 2: $4,500, Year 3: $3,000, Year 4: $2,000, Year 5 and beyond: $1,000.
Payment Options
- Pay in full or choose monthly payments via credit card or electronic funds transfer (EFT). For those customers that select the monthly payment option, your credit card or EFT will be processed on the first of each month.
Underwriter
One or more of the CNA companies provide the products and/or services described. The information is intended to present a general overview for illustrative purposes only. It is not intended to constitute a binding contract.
Please remember that only the relevant insurance policy can provide the actual terms, coverages, amounts, conditions and exclusions for an insured. All products and services may not be available in all states and may be subject to change without notice. “CNA" is a registered trademark of CNA Financial Corporation. Certain CNA Financial Corporation subsidiaries use the "CNA" service mark in connection with insurance underwriting and claims activities. Copyright © 2025 CNA. All rights reserved.
www.cna.com
CNA is an A.M. Best "A" (Excellent) XV rated carrier.
- This errors and omissions coverage is placed with an admitted carrier. Please reference the A.M. Best rating and disclosures link below for an explanation of admitted and non-admitted carriers.
Disclosures
All policy documents are delivered in electronic format by default.
You can manage your renewal notice delivery options by visiting "My Account" menu option at the top of the page. Refer to the policy form by clicking on the Policy button at the top of the page for more details on covered professional services and exclusions. A.M. Best rating and other disclosures.
- All policy related documents and communications are delivered in electronic format where allowable by law.
- By enrolling in this insurance policy, the applicant agrees to become a non-voting member of Professional Agents Risk Purchasing Group, Inc. ("PARPG"). PARPG is a Delaware non-profit corporation that provides liability insurance for its members as a "Purchasing Group" in accordance with the Federal Liability Risk Retention Act (15 U.S.C. §3901 et seq.). Each member of PARPG is covered for separate limits of liability and is required to pay all premiums when due.
- For complete details on covered professional services and exclusions, please refer to the policy form.
Program Administrator
This E&O Insurance program is administered by NAPA. Program administrative services include policy review and issuance, premium billing and invoicing, mid-term policy changes, coordination and issuance of certificates of insurance, online enrollment and account management and a dedicated customer support team with phone, chat and online contact features.
Refer to the policy form for additional definitions, terms, and conditions. Please contact us with any questions or concerns; you can also visit our Frequently Asked Questions for additional information.
Rate Calculator
E&O Insurance for NAPA Premier FPA Life & Health agents with Series 6
- About This Coverage
- Program Eligibility
- Pricing Information
- Program Features
- Payment Options
- Underwriter
- Disclosures
- Program Administrator
E&O Insurance for FPA Life & Health agents with Series 6
- Being a member of the FPA now qualifies you for professional liability with expanded coverage options and preferred pricing for Life & Health Agents with a Series 6!
- Need ADV or CRD information? Go to BrokerCheck.
- Not eligible for this program? Search other E&O programs.
Program Eligibility
- This E&O insurance is specifically for licensed Life and/or Health insurance agents with a Series 6
- Life & Health products
- Fixed and Indexed annuities
- Series 6 (e.g. Mutual Funds & Variable Products)
- A valid license/registration in all jurisdictions in which applicant will act as an Agent and/or as a Registered Representative is required to be eligible for this program.
- $1 Million per claim / $1 Million annual aggregate
- $1 Million per claim / $3 Million annual aggregate
- $2 Million per claim / $2 Million annual aggregate
Pricing Information
$1 Million per claim / $1 Million annual aggregate
GOLD: Coverage for acts as a "life insurance agent" selling fixed and variable life, accident, health, long term care, disability, Medicare Advantage and Medicare Supplement plans, fixed/indexed and variable annuities, and mutual funds.
or pay $665 in full
Pay in full or choose monthly payments via credit card or electronic funds transfer (EFT). For those customers that select the monthly payment option, your credit card or EFT will be processed on the first of each month.
- Prices include $60.00 NAPA Membership dues and applicable fees, taxes and doc stamps. Down payment refers to monthly payment option. Your down payment includes one month's premium, NAPA dues, administrative fees and a $5.00 monthly processing fee. Down payments will be processed immediately; monthly deductions as shown above will begin the first of the month after enrollment effective date.
- At the time of enrollment, each agent will be required to make a non-refundable payment in the amount of the first month’s premium (minimum earned premium). Administrative fees, NAPA dues, and minimum earned premium are non-refundable.
Program Features
- Prior acts coverage back to first date of continuous coverage
- Vicarious liability is provided for an entity owned or controlled by an individual insured representative who is listed on the policy as an individual insured
- Extended Reporting Period(s) available
- NAPA Premier E&O Advantages:
- Preferred underwriting and acceptance
- Preferred pricing
- Coverage for disciplinary hearing costs
- Coverage for clerical and administrative staff
- Coverage extends to agency for all of individual named insureds
- $25,000,000 Master Policy Annual Aggregate (except with respect to NY insureds)
- Provides coverage for named insured's present, former or future employees who are not financial services professionals, but only while acting within the course and scope of the duties as an employee of the named insured or a representative named on this policy.
- Painless automatic renewal process
- As a busy professional, you have a lot on your plate. With NAPA's auto-renew feature, there's no need to complete an application every year. We’ll send you a renewal notice and if you still meet the eligibility requirements, you don’t have to do anything.
- We’ll automatically renew your policy using the payment information we have on file. It’s that easy!
- This is a claims made and reported policy. Claims must be submitted as soon as practicable in writing to the insurer. Coverage only applies to claims first made during the policy period and claims must be reported during the policy period or during an extended reporting period (ERP). Prior acts are covered back to the first day of continuous E&O coverage. Please refer to the policy form for claim reporting provisions and definition of a claim, prior acts definition, and ERP details.
- Please Note: Policy retention decreases are not reflected on the certificate of insurance. Eligibility for a retention decrease is determined and applied at the time of claim.
- $1,000 for claims arising from fixed life, health, accident and disability insurance and fixed & indexed annuities. This retention reduces based on continuous participation in the program according to the following schedule: Year 1: $1,000, Year 2: $800, Year 3: $600, Year 4: $400, Year 5 and beyond: $200.
- $5,000 for all other covered claims (e.g. variable products, mutual funds, Series 6 & 7) This retention reduces based on continuous participation in the program according to the following schedule: Year 1: $5,000, Year 2: $4,500, Year 3: $3,000, Year 4: $2,000, Year 5 and beyond: $1,000.
Payment Options
- Pay in full or choose monthly payments via credit card or electronic funds transfer (EFT). For those customers that select the monthly payment option, your credit card or EFT will be processed on the first of each month.
Underwriter
One or more of the CNA companies provide the products and/or services described. The information is intended to present a general overview for illustrative purposes only. It is not intended to constitute a binding contract.
Please remember that only the relevant insurance policy can provide the actual terms, coverages, amounts, conditions and exclusions for an insured. All products and services may not be available in all states and may be subject to change without notice. “CNA" is a registered trademark of CNA Financial Corporation. Certain CNA Financial Corporation subsidiaries use the "CNA" service mark in connection with insurance underwriting and claims activities. Copyright © 2025 CNA. All rights reserved.
www.cna.com
CNA is an A.M. Best "A" (Excellent) XV rated carrier.
- This errors and omissions coverage is placed with an admitted carrier. Please reference the A.M. Best rating and disclosures link below for an explanation of admitted and non-admitted carriers.
Disclosures
All policy documents are delivered in electronic format by default.
You can manage your renewal notice delivery options by visiting "My Account" menu option at the top of the page. Refer to the policy form by clicking on the Policy button at the top of the page for more details on covered professional services and exclusions. A.M. Best rating and other disclosures.
- All policy related documents and communications are delivered in electronic format where allowable by law.
- By enrolling in this insurance policy, the applicant agrees to become a non-voting member of Professional Agents Risk Purchasing Group, Inc. ("PARPG"). PARPG is a Delaware non-profit corporation that provides liability insurance for its members as a "Purchasing Group" in accordance with the Federal Liability Risk Retention Act (15 U.S.C. §3901 et seq.). Each member of PARPG is covered for separate limits of liability and is required to pay all premiums when due.
- For complete details on covered professional services and exclusions, please refer to the policy form.
Program Administrator
This E&O Insurance program is administered by NAPA. Program administrative services include policy review and issuance, premium billing and invoicing, mid-term policy changes, coordination and issuance of certificates of insurance, online enrollment and account management and a dedicated customer support team with phone, chat and online contact features.
Refer to the policy form for additional definitions, terms, and conditions. Please contact us with any questions or concerns; you can also visit our Frequently Asked Questions for additional information.
Rate Calculator
E&O Insurance for NAPA Premier FPA Life & Health agents
- About This Coverage
- Program Eligibility
- Pricing Information
- Program Features
- Payment Options
- Underwriter
- Disclosures
- Program Administrator
E&O Insurance for FPA Life & Health agents
- Being a member of the FPA now qualifies you for professional liability with expanded coverage options and preferred pricing for Life & Health Agents!
- Need ADV or CRD information? Go to BrokerCheck.
- Not eligible for this program? Search other E&O programs.
Program Eligibility
- This E&O insurance is specifically for licensed Life and/or Health insurance agents
- Life & Health products
- Fixed and Indexed annuities
- A valid license/registration in all jurisdictions in which applicant will act as an Agent and/or as a Registered Representative is required to be eligible for this program.
- $1 Million per claim / $1 Million annual aggregate
- $1 Million per claim / $3 Million annual aggregate
- $2 Million per claim / $2 Million annual aggregate
Pricing Information
$1 Million per claim / $1 Million annual aggregate
SILVER: Coverage for acts as a "life insurance agent" selling fixed life, health, accident, long term care, disability, Medicare Advantage and Medicare Supplement plans, and fixed & indexed annuities.
or pay $555 in full
Pay in full or choose monthly payments via credit card or electronic funds transfer (EFT). For those customers that select the monthly payment option, your credit card or EFT will be processed on the first of each month.
- Prices include $60.00 NAPA Membership dues and applicable fees, taxes and doc stamps. Down payment refers to monthly payment option. Your down payment includes one month's premium, NAPA dues, administrative fees and a $5.00 monthly processing fee. Down payments will be processed immediately; monthly deductions as shown above will begin the first of the month after enrollment effective date.
- At the time of enrollment, each agent will be required to make a non-refundable payment in the amount of the first month’s premium (minimum earned premium). Administrative fees, NAPA dues, and minimum earned premium are non-refundable.
Program Features
- Prior acts coverage back to first date of continuous coverage
- Vicarious liability is provided for an entity owned or controlled by an individual insured representative who is listed on the policy as an individual insured
- Extended Reporting Period(s) available
- NAPA Premier E&O Advantages:
- Preferred underwriting and acceptance
- Preferred pricing
- Coverage for disciplinary hearing costs
- Coverage for clerical and administrative staff
- Coverage extends to agency for all of individual named insureds
- $25,000,000 Master Policy Annual Aggregate (except with respect to NY insureds)
- Painless automatic renewal process
- As a busy professional, you have a lot on your plate. With NAPA's auto-renew feature, there's no need to complete an application every year. We’ll send you a renewal notice and if you still meet the eligibility requirements, you don’t have to do anything.
- We’ll automatically renew your policy using the payment information we have on file. It’s that easy!
- This is a claims made and reported policy. Claims must be submitted as soon as practicable in writing to the insurer. Coverage only applies to claims first made during the policy period and claims must be reported during the policy period or during an extended reporting period (ERP). Prior acts are covered back to the first day of continuous E&O coverage. Please refer to the policy form for claim reporting provisions and definition of a claim, prior acts definition, and ERP details.
- Please Note: Policy retention decreases are not reflected on the certificate of insurance. Eligibility for a retention decrease is determined and applied at the time of claim.
- $1,000 for claims arising from fixed life, health, accident and disability insurance and fixed & indexed annuities. This retention reduces based on continuous participation in the program according to the following schedule: Year 1: $1,000, Year 2: $800, Year 3: $600, Year 4: $400, Year 5 and beyond: $200.
Payment Options
- Pay in full or choose monthly payments via credit card or electronic funds transfer (EFT). For those customers that select the monthly payment option, your credit card or EFT will be processed on the first of each month.
Underwriter
One or more of the CNA companies provide the products and/or services described. The information is intended to present a general overview for illustrative purposes only. It is not intended to constitute a binding contract.
Please remember that only the relevant insurance policy can provide the actual terms, coverages, amounts, conditions and exclusions for an insured. All products and services may not be available in all states and may be subject to change without notice. “CNA" is a registered trademark of CNA Financial Corporation. Certain CNA Financial Corporation subsidiaries use the "CNA" service mark in connection with insurance underwriting and claims activities. Copyright © 2025 CNA. All rights reserved.
www.cna.com
CNA is an A.M. Best "A" (Excellent) XV rated carrier.
- This errors and omissions coverage is placed with an admitted carrier. Please reference the A.M. Best rating and disclosures link below for an explanation of admitted and non-admitted carriers.
Disclosures
All policy documents are delivered in electronic format by default.
You can manage your renewal notice delivery options by visiting "My Account" menu option at the top of the page. Refer to the policy form by clicking on the Policy button at the top of the page for more details on covered professional services and exclusions. A.M. Best rating and other disclosures.
- All policy related documents and communications are delivered in electronic format where allowable by law.
- By enrolling in this insurance policy, the applicant agrees to become a non-voting member of Professional Agents Risk Purchasing Group, Inc. ("PARPG"). PARPG is a Delaware non-profit corporation that provides liability insurance for its members as a "Purchasing Group" in accordance with the Federal Liability Risk Retention Act (15 U.S.C. §3901 et seq.). Each member of PARPG is covered for separate limits of liability and is required to pay all premiums when due.
- For complete details on covered professional services and exclusions, please refer to the policy form.
Program Administrator
This E&O Insurance program is administered by NAPA. Program administrative services include policy review and issuance, premium billing and invoicing, mid-term policy changes, coordination and issuance of certificates of insurance, online enrollment and account management and a dedicated customer support team with phone, chat and online contact features.
Refer to the policy form for additional definitions, terms, and conditions. Please contact us with any questions or concerns; you can also visit our Frequently Asked Questions for additional information.
Rate Calculator
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