With Mercer Consumer’s E&O insurance solutions, you’re in good hands:
Without adequate Errors & Omissions Liability Insurance, your firm and its representatives could be at risk from the following:
Answers about the plan, including eligibility, options, enrollment, customer service and more.
What is Professional Liability insurance?
Doesn’t my employer provide me with Professional Liability coverage?
While many employers (not all) will provide some professional liability coverage, chances are that coverage may have some serious gaps, including:
What would having a personal Professional Liability Insurance Plan give me?
In the event of a lawsuit, your own Professional Liability Insurance policy would:
Why should I consider an individual Professional Liability Insurance Plan from Mercer Consumer?
How do I apply?
Am I eligible to purchase my medical professional liability with installments?
How does E&O Insurance differ from Fidelity Bond coverage?
An E&O Insurance policy is intended to protect an Insured from unintentional errors or omissions (such as Failure to Disclose Risk) in servicing the Insured's clients. A Fidelity Bond is intended to protect an Insured from intentional fraudulent/criminal acts (such as theft or embezzlement or forgery) by non-owner insiders (i.e. employees or Registered Representatives) or by outsiders.
How could Errors & Omissions Liability Insurance protect my firm?
Errors & Omissions Liability Insurance can provide important supplemental coverage to your general liability policy, it can help protect your firm’s and your Registered Representative's assets from the costs associated with lawsuits or arbitration demands alleging errors or omissions by your firm or its Registered Representatives. E&O coverage includes legal defense costs for covered professional services. E&O Liability Insurance also pays for court/arbitration hearing costs, customer settlements, awards or judgments for covered claims, up to the coverage limits on your policy.
How can I learn more about the insurance products offered by Mercer Consumer and how they can best serve my firm?
What other insurance products are available to broker-dealer firms?
Mercer Consumer offers a variety of insurance products including Cyber Security Liability Insurance, Fidelity Bonds, Directors and Officers Liability Insurance, Employment Practices Liability Insurance, Property & Casualty Insurance, Mail Insurance, the Signature Guarantee Medallion Bond, 1st and 3rd Party ERISA Bonds and many more products. Please feel free to browse our site in its entirety for more information, or you may contact us directly at 1-800-978-6273.
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Information available at www.finra.org