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Frequently Asked Questions

FAQ's

What is covered under an RIA E&O Policy?

Each contract is different. The definition of Professional Services is critical in determining what is/is not covered. Also, be careful of exclusion added by endorsement.

 

If I change insurance carriers will I be able to keep my prior acts coverage?

Most carriers will honor your current prior acts date. If you are insured solely through your BD, your prior acts coverage could be limited.

 

What are the most common types of claims experiences by RIA's?

Breach of fiduciary duty is the most common claim followed by breach of contract, negligence, and failure to supervise.

 

I am worried about making a bad trade. Do these policies cover this issue?

Several insurance carriers put trading error/cost of corrections into the base form of their policy while other carriers add it via endorsement. This is something you will want to know and the Uhl Agency can help you out to see if you have coverage currently.

 
What is a retro-active date?

Most underwriters issue a retro-active date which means that any act committed before this date is not covered. Proper negotiation of this subject is crucial.

 

How much coverage should I buy?   

While there is no perfect science to how much limit you should buy. We will be more than happy to share with you how much limit people buy based on their AUM!

 

What is the difference between and ERISA Fiduciary Fidelity bond and a Fidelity bond?

 

An ERISA/Fiduciary Bond is merely an amended Fidelity Bond; both respond to claims involving dishonest acts but the ERISA Bond complies with the specific requirements of ERISA law. Note that an ERISA/Fiduciary Bond is required under Section 412(a) of the Employee Retirement Income Security Act of 1974 which mandates that every fiduciary of an employee benefit plan and every person who handles funds or other property of such plan must be bonded. The ERISA fidelity bond is discussed in detail on our website www.erisabondsforless.com

 

Can I buy E&O and cyber coverage together in one policy?

Several carriers are now offering cyber endorsements onto an E&O policy while other carriers offer them as separate policies.

 

About The Uhl Agency

The Uhl Agency is an independent insurance agency offering comprehensive insurance-based solutions for individuals, families, and businesses. We offer property and casualty insurance products as well as life, health, and disability insurance options from some of the top insurance companies in the marketplace.

 

Our commitment to our clients has kept The Uhl Agency in business since 1958.

 

Our Mission

The Uhl Agency’s mission is to provide world-class insurance programs. We strive to achieve this through the adherence to our core agency values:

 

  • Integrity

  • Respect

  • Teamwork

  • Community

Contact Us:

Mailing Address:

7755 Paragon Road Suite 100

Dayton, OH 45459

Email Us

Office: 937.434.9090

Toll Free: 800.238.7018
Fax: 937.434.3810

Office Hours:

M-F 8:30AM-5:00PM

All images and content © 2025 Wm. G. Uhl Agency, Inc. DBA The Uhl Agency | California License Number 0I96378

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