FINANCIAL SERVICES
A fiduciary for your risk.
Every new relationship starts with a comprehensive analysis of your current coverage. It’s yours to keep even if you don’t work with Daniel & Henry.
Of course, we hope to earn — and help protect — your business. Putting your interests and your risk first has always been the best way to do so.
On average, coverage reviews identify 5-10 deficiencies that could put a financial services provider at risk. Let’s find the gaps that are leaving your firm exposed. Then we’ll get to work on covering them.
FIND YOUR BROKER
Digging into the numbers right alongside you.
One size does not fit all.
Coverage for financial firms is not an “off the shelf” product. Your unique suite of services and portfolio mix brings with it unique insurance needs.
Policies also vary widely from one carrier to the next.
An insurance broker who specializes in financial services is essential to asking the right questions, identifying the right strategy, knowing what coverage needs to be included, and negotiating on your behalf.
Blind spots are always risky.
Carriers have numerous E&O enhancements and endorsements available, but they won’t offer them unless specifically requested.
These omissions create exposure.
We’ll identify your coverage deficiencies, walk through the options available to you, and make sure your risk management strategy is informed by all the information you didn’t know you didn’t have.
SERVICEs & offerings
A portfolio of options, a strategy just for you.
Daniel & Henry has a rich history of working with financial services firms to provide professional, management, fiduciary and fidelity liability coverage, including:
Security Broker / Dealer E&O
Coverage for brokerage activities and supervision
Defense and indemnity of claims related to covered professional services
Investment banking / M&A consulting
Difficult product sectors, including private placements, registered non-traded offerings, preferred share issues, private equity, hedge funds, etc.
Trade Error / Cost of Corrections coverage
Investment Advisory E&O
Advisory or dually registered firms for fee-based money management
3(21) and 3(38) advisors at all AUM levels
Turnkey Asset Management Programs (TAMP) and corresponding AUA
Trade Error / Cost of Corrections
Fixed product life health sales
Fund Companies
Professional liability coverage for fund, fund management and advisor for management of fund assets
Coverage for fund management (general partner, managing member, board of directors) for activities in the management of the fund
Captive Insurance Strategies
Full consultative services regarding 831(a) Captive Insurance Company creation and implementation as a risk retention and transfer tool
Designed for established, stable, financial service firms desiring to retain more control over the E&O program coverage, expense and claims process, often leading to tax advantages
Fidelity / Crime Coverage
Broker / Dealer Fidelity
Investment Advisory Fidelity
ERISA Advisory Fidelity
Coverage for fraudulent wire transfer and computer crime
Selling away coverage for fictitious securities fund misappropriation (Ponzi)
Fund Company Professional Management Liability
Combined Professional Liability (E&O) and Management Liability (D&O), recognizing the lines for such claims are often blurred
Cyber Liability
Amended coverage to recognize independent contractor sales structure
First Party Expenses including forensic investigation, public relations, customer notification, customer credit monitoring, defense expenses, regulatory fines and penalties
Amended regulatory coverage to recognize unique financial regulatory environment
CARRIER PARTNERS
The right carrier makes a difference.
Carriers often feature nuanced, varied policy approaches. Those small distinctions matter. We’ll help you navigate the market and tailor a risk management package designed around the details of your business.
