Addressing the Insurance Needs of Investment Advisors & Financial Professionals
Changing how you select your Professional Insurance
McGowanPRO is the leading independent agency specializing in providing Errors & Omissions Insurance to Investment Advisors, Broker/Dealers, Third Party Administrators, and other Investment Professionals.
McGowanPRO represents the leading Professional Liability Insurance carriers and has long-standing, direct relationships with their underwriters. We can provide you with quotes from multiple insurance professional liability insurance carriers, so you can make an informed decision on the best options for your firm.
Investment Advisor Resources
More than just a policy…McGowanPRO resources include industry leading White Papers, legal opinions, articles, and more.
Applications / Forms
Errors & Omissions Applications & Forms
Investment Advisors, Plan Consultants, Broker/Dealers, TPAs, and other Financial Professionals face an increased risk of claims for their professional services. Get Applications, Forms, & Highlights by Insurance Carrier.
Investment Advisor ERISA Bonds
Section 412 under ERISA states every fiduciary of an employee benefiti plan shall be bonded against fraud or dishonesty.
The increasing trend in workplace fraud and the relatively low cost of these policies, makes Employee Dishonesty Insurance a coverage that we recommend highly to each of our clients.
Deductible Reduction Insurance Program (DRIP)
DRIP insures Registered Reps and Advisors for their deductible under their Broker/Dealer errors & omissions program. A tremendous incentive for B/D’s to maintain quality Reps.
Open MEP Bonds
In response to the DOL’s guidelines prohibiting the use of a single ERISA bond to cover multiple adopters in an open MEP plan, a unique blanket bond that covers the Master Plan Sponsor and adopting employers.
Third Party Administrators / TPAs
Do Third party Administrators have fiduciary liability under ERISA? Does your Errors & Omissions policy contain affirmative fiduciary coverage. Contact McGowanPRO for comprehensive coverage for TPAs.