RIA In A Box, a consulting business aimed exclusively at creation of registered investment advisory firms, has partnered with certain syndicates of Lloyds of London and the North American Professional Liability Insurance Agency (NAPLIA) to provide group E&O insurance program for RIAs.
The program is available only to active clients of RIA In A Box and premiums start at $1250.
This value-add service from RIA In A Box is available exclusively through NAPLIA and is recommended for all RIAs, starting at time of first registration.
E&O insurance protects companies and individuals against claims made by clients for inadequate work or negligent actions and often covers both court costs and settlements up to the amount specified on the insurance contract.
RIA In A Box CEO Zachary Gronich said, this is an outstanding offer for RIA In A Box clients. It is very affordable so this first class insurance can be purchased from the time of first registration, which is really the way to go.