Risk Tips

02 Oct

Posted at 14:17h in Risk Tips

[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text]As assets grow, client expectations rise, and litigation becomes more expensive, many RIAs are carrying insurance limits that no longer match their exposure. When was the last time your E&O limit grew in comparison to your firm’s growth? The modern...

15 Jul

Posted at 15:18h in Risk Tips

[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text css=""]There is one side of Cyber Liability insurance that, for many years, has gone unnoticed by the RIA community: Cyber Extortion. This coverage line provides an insured with counsel and benefits to help address a situation where...

06 May

Posted at 09:19h in Risk Tips

[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text css=""]This is a “BEWARE OF…” article —not to scare, but simply to ensure your practice is on full alert. Regardless of firm size or how you interact with clients, this issue remains at the forefront of claims...

08 Apr

Posted at 10:47h in Risk Tips

[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text css=""]California’s Private Attorneys General Act (PAGA) continues to reshape the state’s Labor Code enforcement landscape more than two decades after its enactment.  Despite significant statutory reforms in 2024, PAGA litigation is not slowing down—in fact, new records...

08 Apr

Posted at 10:34h in Risk Tips

RIAs operate within a swift cybersecurity environment, where preparation and infrastructure are critical—not only to safeguard sensitive data, but also for maintaining client confidence, and meeting fiduciary obligations....

24 Feb

Posted at 12:49h in Risk Tips

[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text css=""]The gut-wrenching sensation of learning that you or your client’s personal information has been violated by a third-party bad actor can ruin the day. In a world now driven by data, it is crucial for businesses to...

24 Feb

Posted at 12:46h in Risk Tips

[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text css=""]We get them every day. Phishing emails are nearly impossible to prevent from coming in, and alas, we are all human. Recently, an advisor at one of our insured’s email accounts was compromised after responding to a...

09 Jun

Posted at 14:49h in Risk Tips

[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text css=""]Navigating the Claims Process: What Asset Managers Need to Know E&O, D&O, Cyber, and Crime insurance are often considered severity lines of coverage. This means that while claims don’t happen often, when they do, they tend to be...

21 May

Posted at 08:26h in Risk Tips

[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text css=""]In today’s complex financial services environment, liability protection is essential—especially for Hybrid RIAs that blend both commission-based and fee-based business models. Many of these firms are required to carry Errors & Omissions (E&O) insurance through their broker-dealer...