In today’s litigious world, having the right errors and omissions (E&O) insurance is not just a necessity, it's a critical defense for individual financial professionals and broker-dealers who sell securities, insurance and provide investment advice. When your business is built on trust and expertise, even a small error can lead to significant legal action, putting everything you’ve worked for at risk.
At WTW, our experienced insurance brokers and client advocates are your dedicated partners, committed to securing the best possible coverage at the most competitive rates and advocating for optimal claims outcomes.
Why settle for standard coverage when you can have an E&O program specifically designed for you and supported by an experienced and knowledgeable team? We take the time to get to know your business inside and out, ensuring that every aspect of your E&O policy is optimized to protect your assets, your reputation and your future. We’re not just selling insurance, we’re providing peace of mind for our clients, so you can focus on what you do best, serving your clients.
In an industry where the stakes are high and the risks are real, don’t leave your protection to chance. Trust WTW to deliver the expertise, personalized service and comprehensive coverage you need to safeguard your success. Let us be the well-versed advisor you can count on to navigate the complexities of E&O insurance.
WTW takes a holistic approach to risk management, assessing not only E&O risks but also how potential losses might impact other ancillary lines of coverage, ensuring comprehensive protection.
We know your business
Each member of our team has more than 20 years of experience in this specialized coverage area. We offer wrap around solutions and support for program sponsors beyond the strategic design and placement of your sponsored program.
- Deep understanding of broker-dealers and insurance companies and the challenges they face
- Claims advocacy services to deliver artful resolutions for complex or difficult claims
- Regular check-ins to review open claims and overall program loss performance
- Focus: We work exclusively on this niche line of coverage and bring an unparalleled knowledge of industry trends
- Wrap around technological and administrative services and support for your licensing and contracting team
As your one-stop broker, WTW navigates multiple triggered policies to maximize your benefits from the policies you purchase
- In cyber incidents, such as phishing attacks, WTW coordinates your cyber coverages, ensuring there are no surprises by aligning policies and resources for seamless response across different insurance lines.
- For crime-related scenarios, like a registered rep misappropriating client funds, WTW integrates expertise across crime coverage and claim advocacy to facilitate early recovery and settlement efforts, minimizing legal escalation.
- WTW addresses social engineering fraud by offering E&O coverage that can include fund transfers with lower deductibles and fewer preconditions than traditional bonds, ensuring better protection against evolving fraud tactics.
- Beyond E&O, WTW helps manage broader risks, including D&O, employment practices, fiduciary responsibilities and property & casualty, offering tailored solutions to protect and grow financial services firms in an increasingly complex environment.
Differentiated service capabilities and high standards
At WTW, we strive to provide a seamless and exceptional white glove experience for our clients and their financial professionals. Our service infrastructure ensures a hassle-free experience that prioritizes the convenience and satisfaction of your financial professionals. Here are some of our offerings:
- Dedicated toll-free line: Your agents and reps will have exclusive access to a dedicated phone line. We understand that your financial professionals may need assistance outside of regular business hours. That’s why our service team is available for extended hours.
- Call and email support: Our support team is staffed by licensed WTW employees who are well-versed in the topic of insurance agents and broker-dealer E&O.
- Online resources: We offer private-labeled websites to house program resource documents such as E&O coverage guide, frequently asked questions, claim reporting form, etc. to keep the financial professionals informed about the coverage they have.
- Certificate reprint: Your financial professionals can reprint their certificates online anytime and from anywhere and, if applicable, manage their contact information or payment method when it’s convenient for them.
- Online enrollment: Our streamlined online enrollment process allows your financial professionals to purchase/renew their coverage quickly and easily. They will find a broad offering of payment methods and immediate access to their certificate of insurance upon completion.
Ready to protect your business with a custom E&O program? Contact us today to learn how we can help.
Disclaimer
Willis Towers Watson hopes you found the general information provided in this publication informative and helpful. The information contained herein is not intended to constitute legal or other professional advice and should not be relied upon in lieu of consultation with your own legal advisors. In the event you would like more information regarding your insurance coverage, please do not hesitate to reach out to us. In North America, Willis Towers Watson offers insurance products through licensed entities, including Willis Towers Watson Northeast, Inc. (in the United States) and Willis Canada Inc. (in Canada).
