NAPA Premier streamlines the E&O process for RIAs with simplified underwriting and instant certificates of insurance."
Lakewood Ranch, FL (PRWEB) April 20, 2016
The National Association of Professional Agents (NAPA) and the Financial Planning Association® (FPA®) have partnered to offer FPA Members access to an exclusive NAPA Premier Errors & Omissions (E&O) program with preferred pricing.
Since 1989, NAPA has been a trusted provider of professional liability insurance for financial professionals. Currently serving over 100,000 clients, NAPA has a unique understanding of the new and complex liability exposures facing financial professionals.
NAPA Premier E&O Insurance offers competitive rates and comprehensive coverage options designed to meet the professional liability needs of both individual RIAs and RIA firms. The policy is a duty to defend contract underwritten by Nationwide Mutual Insurance Company, rated A+ XV by A.M. Best.
“NAPA Premier streamlines the E&O process for RIAs with simplified underwriting and instant certificates of insurance,” comments Risk Consultant, Jason Rogers. “The program's $777 starting rate is the lowest price point in the RIA E&O marketplace. From a coverage perspective, the NAPA Premier program is competitively positioned with coverage for life insurance agent sales activities included at no additional cost. We are excited to introduce this to FPA Members and feel that we have truly delivered a well-rounded, superior E&O product offering.”
As the RIA industry continues to evolve and grow, there is no question that it’s critically important for RIAs to proactively manage their firm’s liability risk exposures. Errors & Omissions (E&O) Insurance is a critical component to everyone’s practice management process.
“Mistakes and errors happen. It’s the nature of the business. Having the added layer of protection an E&O policy provides is imperative,” mentioned Senior Risk Consultant, Ted Baran. “E&O carriers are well-versed in managing complex claims and have many resources available to help expedite the claims settlement process.”
To learn more about the NAPA Premier FPA E&O program, visit http://www.napa-benefits.org/FPA/errors-and-omissions or call (866) 389-0023.
- Duty to defend contract
- Premiums starting as low as $777
- Individual and firm limits available with coverage extensions for clerical and administrative staff
- Multiple limit and coverage options to choose from
- Reduced retentions for continuous participation
- Life Insurance Agent added at no additional costs
- Flexible payment options