Ideal Accounts and Appetite
This program is ideal for:
- Registered Investment Advisors (RIAs) of all sizes
- Advisors managing mutual funds, hedge funds, and real estate portfolios
- Firms registered with the SEC or state regulators
- Advisors seeking coverage to meet client or contractual requirements
We can also consider tougher risks, including those with prior claims or those managing alternative assets.
Coverage Highlights and Advantages
- Access to all major markets for investment advisor E&O
- Standard admitted carriers for mainstream risks
- Non-admitted and specialty markets for complex or high-risk profiles
- Support with coverage comparisons and tailoring options
We assist agents and their clients throughout the entire process, from application to quote review, ensuring the coverage selected aligns with the advisor's operations, exposures, and budget.
Underwriting Notes and Minimum Premiums
Premiums for this program typically start around $4,000. To obtain proposals, we require a completed application—either our standard form or a similar industry-accepted one. For SEC-registered advisors, we also need Part 1 and Part 2 of the Form ADV. Additional documents such as financials, fund prospectuses, client agreements, performance statistics, and key personnel resumes will strengthen the submission and improve quote accuracy.
Territories and Availability
The program is available to agents placing business in the following states: AL, AZ, CA, CO, FL, GA, HI, IL, IN, IA, KS, MI, MN, MS, MO, NE, NY, NC, OH, OK, PA, SC, TN, TX, VA, WV, and WI.
Why Work With Donald Gaddis Company?
Donald Gaddis Company is a trusted wholesale broker with deep expertise in professional liability for financial professionals. We represent all top-tier carriers in this space and offer the kind of hands-on service that helps agents stand out. Our team will walk you and your client through every step of the process, helping you build long-term relationships with dependable, referral-generating accounts.
Frequently Asked Questions
What types of accounts are a good fit for this program?
Registered Investment Advisors (RIAs), especially those managing mutual funds, hedge funds, or real estate investments, are a strong fit. We can also consider those with prior claims or complex exposures.
What documentation is required to get a quote?
A completed application is required. If the advisor is SEC-registered, we also need Part 1 and 2 of their Form ADV. Financials, client agreements, resumes, and fund prospectuses are helpful additions.
Are admitted markets available for this program?
Yes, we have access to admitted carriers for standard accounts in select states, as well as non-admitted options for more complex or higher-risk profiles.
What is the minimum premium for this coverage?
Premiums typically start around $4,000, depending on the size, scope, and risk profile of the advisor’s operations.
Which states is this program available in?
This program is available in AL, AZ, CA, CO, FL, GA, HI, IL, IN, IA, KS, MI, MN, MS, MO, NE, NY, NC, OH, OK, PA, SC, TN, TX, VA, WV, and WI.
Need help placing an account? Connect with a market specialist.