Insurance
For The North

Specialized Financial Services Insurance Expertise:
At 705 Insurance, we specialize in offering customized insurance solutions for businesses in the financial services sector. Our experienced brokers understand the specific risks and regulatory requirements that financial services companies face. Whether you're an accounting firm, wealth manager, or financial consultant, we are here to ensure your business is properly protected against potential financial liabilities.

Comprehensive Coverage Options:
We provide a range of coverage options tailored to the needs of financial services businesses. Our goal is to protect your business from a variety of risks, from errors in professional judgment to cyber threats and claims of negligence. Whether you're providing financial advice, managing assets, or offering specialized services, our coverage options give you the security you need to operate confidently.

Professional Liability Insurance (Errors & Omissions):
Professional liability insurance is a critical coverage for businesses in the financial services sector. Also known as errors and omissions (E&O) insurance, it protects your business from claims of negligence, misrepresentation, or inadequate advice that result in financial loss for clients. This coverage is essential for accounting firms, wealth managers, investment advisors, and other professionals providing financial guidance.

General Liability Insurance:
General liability insurance protects financial services businesses from third-party claims for bodily injury, property damage, or advertising injuries that occur during business operations. If a client or visitor is injured at your premises or their property is damaged due to your services, this coverage will help with legal defense costs, settlements, and any awarded damages.

Cyber Liability Insurance:
In an increasingly digital world, financial services firms are vulnerable to cyberattacks, data breaches, and identity theft. Cyber liability insurance protects against financial losses caused by cyber incidents, including the theft of sensitive client information or attacks on your company’s digital infrastructure. This coverage is vital for firms that manage financial data, such as investment advisors, mortgage brokers, and accounting services.

Commercial Property Insurance:
Financial services firms often rely on physical office spaces and valuable assets such as computers, records, and equipment. Commercial property insurance protects your physical assets from damage or loss due to events like fire, theft, vandalism, or natural disasters. Whether you’re running a small accounting practice or a large wealth management firm, this coverage safeguards your business premises.

Business Interruption Insurance:
Business interruption insurance helps cover lost income and operating expenses if your business is temporarily unable to operate due to a covered event like fire or a natural disaster. Financial services firms rely on uninterrupted operations to serve clients effectively, and this coverage ensures that your revenue and expenses are supported during unforeseen disruptions.

Fidelity Bond Insurance:
Fidelity bond insurance protects financial services firms from employee dishonesty, including theft or fraud. If an employee engages in fraudulent activities that result in financial loss for your clients or your business, a fidelity bond can help cover the costs of the crime and reimburse the affected parties. This coverage is especially important for firms handling large sums of money or sensitive financial data.

Directors and Officers (D&O) Liability Insurance:
D&O liability insurance protects the personal assets of company directors and officers in the event they are sued for wrongful acts, such as mismanagement or errors in decision-making. This coverage helps with legal defense costs, settlements, and judgments. It’s essential for companies in the financial services industry, where executive decisions can have significant financial implications.

Employment Practices Liability Insurance (EPLI):
EPLI covers businesses against claims related to employment practices, such as wrongful termination, harassment, or discrimination. Financial services companies often have numerous employees, making them vulnerable to employment-related lawsuits. This coverage ensures that you are protected from the financial and legal consequences of such claims.

Crime Insurance:
Crime insurance protects your business against financial losses caused by criminal activities such as theft, fraud, and embezzlement. It’s essential for financial firms that handle large transactions or manage sensitive financial information. Crime insurance helps your business recover financially if a crime is committed by an employee, client, or external party.

Regulatory Liability Insurance:
Regulatory liability insurance helps cover legal expenses and fines related to regulatory investigations and violations. For businesses in the financial services sector, compliance with industry regulations is critical, and this coverage ensures that you’re protected against the costs associated with regulatory breaches, audits, or disputes.

Errors & Omissions Coverage for Investment Advisors:
For investment advisors, errors and omissions (E&O) coverage is a must. This protects against claims resulting from advice or services that result in financial losses for your clients. Whether it's a bad investment recommendation or missed opportunities, this coverage helps protect your business from claims of professional negligence or inadequate financial guidance.

Key Person Insurance:
Key person insurance provides financial support if a key executive or business owner is unable to continue their role due to illness or death. This coverage ensures the financial stability of your firm during periods of leadership transition and helps cover costs related to finding a replacement for the key person.

Customizable Coverage Options:
At 705 Insurance, we recognize that every financial services business has unique risks and needs. That’s why we offer customizable coverage options that allow you to tailor your insurance policy to suit your specific business requirements. From professional liability to cyber threats, our goal is to ensure that your business is comprehensively protected.

Competitive Rates:
We work with a variety of top insurance providers to offer the most competitive rates for financial services firms. Whether you’re a small accounting firm or a large financial institution, our brokers ensure that you receive the best coverage options at an affordable price, giving you the peace of mind you need without breaking the bank.

Get a Quote Today

Protect your financial services business with the right insurance coverage. Contact 705 Insurance for a personalized quote and safeguard your operations, assets, and clients from unforeseen risks and liabilities.

Protect Your Financial Services Business with 705 Insurance
705 Insurance understands the complexities of the financial services sector and offers specialized insurance solutions to help you manage risks, protect your assets, and stay compliant with industry regulations. Whether you're a wealth manager, tax preparer, or financial planner, we offer the comprehensive coverage your business needs to thrive. Contact us today to get a quote and ensure your financial services business is fully protected.