Cut Fiduciary Insurance Costs Get Quotes Financial Advisors

Factors Influencing Fiduciary Insurance Costs

Several factors impact the cost of fiduciary insurance for financial advisors:

• Business Size and Scope: Larger firms with more assets under management typically face higher premiums due to increased risk exposure.
• Claims History: A history of claims can significantly affect your insurance costs, as insurers view this as indicative of future risks.
• Coverage Limits: Higher coverage limits provide more protection but also come with increased premiums.
• Policy Features: Additional features or endorsements can raise the cost of your policy.