Insurance for Financial Planners and Advisors
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Coverage for professional advice and missed deadlines
Helps you manage the costs of lawsuits to your services
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Compare Quotes
From multiple carriers
Save Time
Buy online in minutes
Save Money
Switch and save
Instant Coverage
Delivered to your inbox
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On this page:
What does financial planning insurance cover?
Financial planning insurance helps protect financial planners, advisors, and accounting professionals from the cost of common risks related to providing financial advice, such as:
- Negligence claims
- Errors or omissions in your work or recommendations
- Third-party property damage
- Unplanned business interruptions
- Workplace injuries
BizInsure understands the insurance needs of financial planners and advisors. We offer coverage options suited to independent finances professionals and growing businesses.
Why do financial planners need insurance?
Financial planners consider insurance to help cover the cost of claims, lawsuits, and other unplanned expenses. Professional Liability and/or General Liability insurance may be required to work with certain clients. Workers’ Compensation insurance is required in most states for businesses with employees.
Financial planners and advisors must navigate a complex legal and regulatory landscape in providing advice. However, even the smallest mistakes could lead to expensive claims or lawsuits. Insurance helps financial planners and advisors protect their business, finances, and staff.
Who needs financial planning insurance?
We offer personalized coverage to several types of financial planning and advisory businesses, including:
Accountants
Financial Planners
Bookkeepers
Consultants
Financial services
Tax Preparers
And more!
What types of insurance do Financial Planners and Advisors need?
BizInsure offers a broad range of insurance solutions tailored to the insurance needs of financial planners and advisors, protecting against negligence and third-party claims.
General Liability insurance
General Liability Insurance covers your business if a third-party is injured, or their property is damaged, a of your business activities or services. It covers legal costs compensation costs. We offer coverage up to $1 million per occurrence and $3 million in the aggregate.
Professional Liability insurance
Professional Liability insurance, also known as Errors & Omissions insurance protects you against claims of negligence, misrepresentation or mistake, resulting in financial loss to a third party. We offer coverage up to $1 million per occurrence and $3 million in the aggregate.
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How much does financial planning and advisor insurance cost?
General Liability insurance for financial planning and advisory costs from $28.86 per month*.
Factors influencing cost
- Risks of the industry 
- Coverage level amount
- Annual turnover
- Number of employees
- Claims history
The pricing information on this page is general in nature and provided for illustrative purposes only. It does not take into account your specific circumstances, business operations, or risk profile. Actual premiums vary based on your profession, location, claims history, and other factors.
Get flexible coverage to match your needs
We offer different levels of insurance to suit self-employed practitioners or multi-advisor firms.
Factors influencing cost
- Risks of the industry 
- Coverage level amount
- Annual turnover
- Number of employees
- Claims history
The pricing information on this page is general in nature and provided for illustrative purposes only. It does not take into account your specific circumstances, business operations, or risk profile. Actual premiums vary based on your profession, location, claims history, and other factors.
Get flexible coverage to match your needs
We offer different levels of insurance to suit self-employed practitioners or multi-advisor firms.
Unsure how much to choose? Think about:
- Statutory professional requirements
- Coverage required by contracts
- Number of employees being covered
- Your contract value
- Worst case scenario claim size
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