As a registered investment advisor (RIA), it is your duty to protect and manage your clients’ assets. But in the event of a loss, protecting your own interests with RIA insurance – while meeting new custodian insurance requirements – is of utmost importance.
At HCP National, we offer an insurance product designed exclusively for RIAs; it provides broad, multi-line coverage (including professional liability/errors & omissions [E&O], social engineering, and theft) from an “A+” rated insurance company.
Founded in 1994, HCP National is the largest independent insurance agency in the country led and owned by a certified minority woman (WBENC & MBE).
We assist RIAs nationwide with obtaining customizable, comprehensive, and competitive RIA insurance. Get your quote now!
NOTE: HCP National can only provide RIA Insurance for advisors/organizations that manage more than $350M in assets.
We offer RIA insurance from an “A+” rated carrier that is specifically designed to meet registered investment advisors’ coverage requirements.
Coverage highlights include:
Since 1994, our top priority has been helping clients secure the right coverage at an affordable price. Request an RIA insurance quote now.
NOTE: HCP National can only provide RIA Insurance for advisors/organizations that manage more than $350M in assets.
RIA Custodian Insurance Requirements
Having the right coverage helps your firm comply with different state and industry regulations, control and mitigate risks, and work with clients who require insurance protection as a business prerequisite. So what insurance coverages do registered insurance advisors need?
RIA custodians must be covered for:
This coverage can mitigate the risks of negligence, mistakes, oversights, omissions, and malpractice; client claims of an alleged error, poor financial advice, or financial harm; and acts of bad faith by employees and third parties.
In addition to professional liability insurance, RIA firms should have directors and officers (D&O) insurance to protect the firm’s owners, directors, officers, and board members from personal financial losses. They may also want to consider crime and fidelity bonds and a business owner’s policy (BOP).
RIA Insurance Eligibility
At HCP National, we provide comprehensive coverage for financial professionals and investment firms.
To be eligible for RIA professional liability insurance, you must be/have:
Ready to get started? We’ll help you find the best coverage to suit your requirements and budget.
How Much Does RIA Insurance Cost?
Insurance premiums depend on a variety of factors, including the advisory services you (or your firm) provide(s) and the desired coverage limits.
Contrary to generalist professional liability insurers, our “A+” rated carrier offers competitive pricing and customizable coverage.
However, please note that annual premiums start at $2,500. Premium discounts may apply for certain risk management practices and professional designations.
Get in touch now to fill out your application and get a quote.
If you or your firm requires Registered Investment Advisor Insurance, HCP National can help you find the best RIA E&O and Cyber insurance coverage for your situation. Our application process is quick and easy. Simply click here to request a quote.
Founded in 1994, HCP National Insurance Services, Inc. (HCP) is the largest independent insurance agency in the country led and owned by a certified minority woman (WBENC & MBE). We offer all lines of commercial insurance, from RIA E&O Insurance and RIA Cyber Insurance, to D&O Insurance, General Liability Insurance, and Life & Health Insurance. Get your quote now!
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I have found my Account Manager to be extremely helpful and to always have my best interest at heart. She is excellent to work with!
I found HCP National Insurance Services, Inc. by looking online for a commercial liability insurance provider. I was not familiar with the company, but gave them a call. It was the best experience I have had with an commercial insurance provider ever. My HCP representative went above and beyond to assist our company. Every question or email was answered in a most timely manner and every effort was made to get us through the application process. I highly recommend this company and we will use them again.
I have been a long time client of HCP for professional liability insurance for my practice. My account manager has always been punctual, diligent in pricing us out to market, and efficient in handling all of our year end paperwork and changes to coverage levels. I would recommend them to all doctors.
Our business has complex insurance requirements and HCP was awesome to work with! They took the time to understand our business to ensure we had the proper coverages and were able to finalize all our insurance needs right on time! HCP National is a great partner for our business!
My account manager was so helpful and knowledgable. I loved that she was available to work through our unique needs! I highly recommend HCP.
Great experience. Great communication. Thank you.
My account manager provided me with the best customer service I’ve ever received anywhere. Her concern and compassion were unsurpassed!
At a time when I was facing some health challeges and surgery, she took whatever extra effort she could to ensure that I got my insurance coverage expeditiously and was so caring at a time when I was nervous about my upcoming surgery. She took that extra effort to make sure I got my policy on time. I highly recommend HCP National for their hard work, being so efficient and for treating me with the highest level of knowledge and concern.
I recently had the pleasure of working with HCP National Insurance Services, and I cannot recommend them highly enough. Their customer engagement was outstanding. The team took the time to listen to our unique needs and concerns, ensuring that we felt valued and understood throughout the entire process.
What truly set HCP apart was their deep understanding of the various insurance options available. They guided us through the complexities of the insurance landscape, helping us navigate through different policies and coverages. Their expertise allowed us to make informed decisions that were tailored to the specific requirements of our organization.
The support we received was not just about selling a policy; it felt like a partnership where our best interests were at the forefront. HCP National Insurance Services made the often daunting task of selecting insurance feel manageable and straightforward.
Overall, I am extremely satisfied with our experience and grateful for the exceptional service provided by HCP National Insurance Services. If you are looking for a knowledgeable and customer-focused insurance provider, look no further!
We are a small practice working in long-term care. When our previous insurance carrier decided late in the game to no longer cover long-term care providers, we began a search for new coverage and thankfully HCP. Our representative ran circles around other account managers we had spoken with and found coverage at a competitive price, all within our limited timeframe. HCP’s team members are the sort of people you look forward to working with; we give HCP an enthusiastic 5-star rating.
HCP National is a proven and trusted ally of Aggie Pediatrics, LLC. Our personal Account Manager is quick to respond to any questions and always willing to take the time to listen. I recommend HCP National to any healthcare provider searching for an affordable program suited to your needs, big or small.
We work with lots of vendors, and you’re one of the few that makes our life easy. Thank you.
You delivered everything you promised and a lot more. Your company is amazing. Wish all our suppliers were like you.
The HCP National team has been incredibly easy to work with. Even before becoming a client, they took the time to answer all of my questions and have repeatedly gone above and beyond to meet the ever-changing needs of our company.
I have been insured by HCP for many years. I can say this is by far the best experience I have ever had with any of my malpractice insurances in the past. The reasons why: their availability 7 days a week; the best price on the market guaranteed; the least paperwork ever (the company does it all for you); direct contact with your insurance carrier and solving your problems right away; no any delay in re-application. Everyone is very professional, knows very well what they are doing, and you feel that you are always in good hands.
I have been a long time client of HCP for professional liability insurance for my practice and my representative has always been punctual, diligent in pricing us out to market, and efficient in handling all of our year-end paperwork and changes to coverage levels. I would recommend HCP to all doctors.
I found HCP National Insurance Services, Inc. by looking online for a commercial liability insurance provider. It was the best experience I have had with a commercial insurance provider ever. My HCP representative went above and beyond to assist our company. Every question or email was answered in a most timely manner and every effort was made to get us through the application process. I highly recommend this company and we will use them again.
