Advisors using Schwab as a custodian will now be required to show proof they have a $1 million errors & omissions (E&O) insurance policy, according to an email the financial services giant sent out in ...

The national average cost for errors and omissions insurance coverage is $61 per month, or $735 per year. The main factors that determine the cost of coverage include the industry and geographic ...

In the dynamic world of business, mistakes are bound to happen. But when these errors result in financial setbacks for clients, it can result in pricey lawsuits for businesses. Errors and omissions (E ...

CheapInsurance.com reports small business insurance costs will rise in 2025 due to climate events, cyber threats, and theft, ...

When considering an E&O insurance policy, it is important to read it carefully to understand the specific coverages and exclusions (i.e., things that aren’t covered). How to Choose the Right E&O ...

Insurer Golsan Scruggs says the stock market's slump in 2022 led to a triple-digit uptick in E&O insurance claim payouts on its RIA policies last year. Registered investment advisors who hold errors ...

Errors and omissions policies may not represent the most exciting aspect of launching an advisory firm, but experts say ...

The Financial Services Regulatory Authority of Ontario (FSRA) has imposed administrative penalties totalling $283,500 on a ...