ACE Advantage Securities Broker-Dealer Professional Liability Policy
Backed by the financial strength of ACE and the experienced underwriting team within ACE Professional Risk, this form provides professional liability coverage to broker-dealers and their registered representatives for claims alleging errors or omissions in rendering or failing to render professional services to their customers and clients. Common claims allege negligence, misrepresentation, unsuitability, or failure to supervise.
Benefits:
- Breadth of the form
- Ease of use
- No audit provision for representatives added during the policy period
- Cost of corrections provision built into the form
- Supervisory coverage extended for acts of past representatives
- Coverage for the sale of certain alternative products
- Industry leading claims handling