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for individual or firm coverage

Comprehensive coverage options

and $1M base limits of liability

Upfront pricing

without providing personal information

Annual deductible reduction

for continuous coverage up to 5 years
For IARs making less than $2M in gross revenue in the prior calendar year
starting at
$
72
.08
/mo
with $217.12 down or $950/year
Apply Now
View more policy information >
For RIA firms making less than $2M in gross revenue in the prior calendar year
starting at
$
72
.08
/mo
with $217.12 down or $950/year
Apply Now
View more policy information >

Why do I need E&O Insurance?

Investment Advisors and RIA firms need E&O Insurance to protect against litigation brought against their business by clients. It safeguards against any errors or omissions you make (or are accused of making) while selling and servicing covered products. Some state insurance departments mandate E&O protection, as do some custodians.

What does NAPA Premier's E&O Insurance cover?

Our base coverage protects you in the event of a claim or lawsuit resulting from acts as a fee-based advisor providing non-discretionary investment advisory services. Discretionary investment advisory services coverage is only provided for the purchase or sale of specific products/investments. For all coverage details, view our policy information page.

NAPA Errors & Omissions Insurance for IARs and RIA firms
Our Service

Our Service

Since 1989, the NAPA has assisted professionals like you with exceptional insurance coverage and benefits. We live up to our service claims: our first-class, licensed customer advocates are just a call or chat away to lend a hand in ensuring that your experience with NAPA is exceptional.

Our Coverage

NAPA Premier RIA E&O Insurance is always backed by an "A" rated or better insurance carrier, so you can trust that you're protected in the event of a claim. We strive for affordability without making sacrifices to our coverage or services.

Find Your E&O Program

With NAPA, you can trust that your coverage has an advantage over the other policies out there. Affordable, upfront pricing, no hidden fees, U.S.-based customer service, comprehensive coverage options …the list goes on.

Upfront pricing without the need to input personal information
Apply in minutes and receive instant proof of insurance
Coverage includes NAPA member benefits and savings
Annual deductible reduction the longer you retain coverage*
Coverage extends to clerical and administrative staff
Multiple limits of liability options available for all insureds
NAPA
The Other Guys
Investment Advisor Errors & Omissions Insurance for as little as $72.08/mo.
*Deductible lowers annually for insureds who retain continuous coverage under NAPA Premier, with reductions starting in year 2 and stopping at year 5 of continuous coverage. Please refer to the policy for complete coverage details.
*Deductible lowers annually for insureds who retain continuous coverage under NAPA Premier, with reductions starting in year 2 and stopping at year 5 of continuous coverage. Please refer to the policy for complete coverage details.
The NAPA Premier
Difference
Financial advisor discussing options with a client, reviewing a tablet in a modern office—RIA E&O insurance consultation.
Coverage Benefits
  • All NAPA Premier policies are underwritten by an "A" rated, admitted carrier
  • Prior acts coverage back to the 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 (ERP) available for those retiring or leaving the industry
  • Coverage provides defense costs and disciplinary hearing costs. Defense costs reduce the limits of liability and are subject to the deductible/retention. The policy does not cover punitive damages. Refer to the policy form for the definition of defense costs and punitive damages.
  • Coverage extends to clerical and administrative staff. For NAPA Premier's RIA Firms & Corporations E&O Insurance, coverage extends to employed IARs and independent contractors while acting on behalf of the covered firm.
  • Coverage includes NAPA Member Benefits, with access to savings on office supplies, travel, shipping and more.
  • Preferred-rate programs available for CLU® & ChFC® designations, CFP® designation, FPA members and other associations and custodians
Deductibles & Liability Limits
  • $3,500 starting deductible for claims arising from fee-based investment advisory activities
    This deductible reduces based on continuous coverage with NAPA Premier with 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
  • $1,000 starting deductible for claims arising from fixed life, health, accident and disability insurance and fixed and indexed annuities
    This deductible reduces based on continuous coverage with NAPA Premier with 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
  • $1,000 starting deductible for all other covered claims (e.g., variable products, mutual funds, Series 6 & 7)
    This deductible reduces based on continuous coverage with NAPA Premier with 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
  • For limits of liability, insureds can choose from the following options:
    • $1 million per claim / $1 million annual aggregate
    • $1 million per claim / $3 million annual aggregate
    • $2 million per claim / $2 million annual aggregate
  • $25,000,000 master policy annual aggregate✝
View More Policy Information Frequently Asked Questions

Which program should I choose?

If you're an individual investment advisor representative, our Individual IARs & Advisors E&O Insurance is right for you. If you have a firm, LLC or corporation with multiple advisors, our RIA Firms & Corporations E&O Insurance is the best option. Though pricing is consistent between these two options and based on prior calendar year gross revenue, you'll need to choose the product that fits your business best to ensure you're adequately protected.

Ready to apply?
Choose Your Program
Want to talk to a policy expert?
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✝Except with respect to insureds in the state of New York. Please refer to the policy for complete coverage details.

3 Easy Steps To Get Covered

Find Your Perfect Option
1. Find Your Perfect Option
See our policy details or use our Rate Calculator to discover the perfect policy with upfront pricing for you.
Apply For Coverage
2. Apply For Coverage
In just minutes, you can be insured against client claims of negligence, errors and omissions.
Download Your Certificate
3. Download Your Certificate
Once you've completed your application and paid, you'll immediately have access to your certificate of insurance.
For IARs making less than $2M in gross revenue in the prior calendar year
starting at
$
72
.08
/mo
with $217.12 down or $950/year
Apply Now
View more policy information >
For RIA firms making less than $2M in gross revenue in the prior calendar year
starting at
$
72
.08
/mo
with $217.12 down or $950/year
Apply Now
View more policy information >
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E&O Insurance
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Frequently Asked Questions
Frequently Asked Questions