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Financial Institutions Insurance

The Uhl Agency’s Financial Institutions Team offers a complete suite of insurance-based solutions – including ERISA Compliance Bonds and Commercial Crime / Fidelity Bonds – for investment advisors, broker/dealers, hedge funds/private equity, and mutual funds.

Click here for our capabilities presentation.

Our agency is well-versed in the new requirements set forth by two of the major financial services custodians.

Click here to start the quote process by accessing our premium indication sheet.

Industries We Serve

Why Choose The Uhl Agency

Applications, Insights and Downloads

Financial Institutions Insurance Carrier Partners

Program Agent

Alliance Partner

Midwest Referred Agent

The Uhl Agency is pleased to report that we have now written over 470 investment firms utilizing our expansive platform of insurance carriers. Our valued clients typically run between $50 million and $25 billion in assets under management or advisement. Our lineup of clients includes investment advisors, broker dealers, financial planners, wealth managers, institutional consultants, investment managers, mutual fund complexes as well as family office practices and private equity practices.

As an independent agency, we have the ability to shop the market with multiple insurance companies to partner your practice with the right insurance company. Our team has over 40 years of combined experience working with financial institutions.

Errors & Omissions Liability Insurance

Also known as professional liability insurance, this type of coverage protects advisors against losses due to an actual or alleged negligent act, error or omission committed in the scope of their duties as investment counselors/advisors.

Fiduciary Liability Insurance

Not to be confused with Errors and Omissions Liability, Fiduciary Liability insurance protects the personal assets of plan fiduciaries who have discretionary authority over a pension or other employee benefit plan. This type of insurance pertains to the fiduciary responsibilities associated with your firm’s plans rather than your clients’ retirement plans on which you advise or consult.

ERISA Bond Insurance

Under ERISA rules, companies that provide employee welfare or benefit plans must protect plan assets with a minimum amount of employee theft coverage.
Within these rules, a fiduciary is defined as a person who exercises any discretionary authority or discretionary control respecting management of such plans or exercises any authority or control respecting management or disposition of its assets.

Employment Practices Liability Insurance

This insurance is designed to protect firms in ways that are essential in today’s litigious society and addresses employment-related issues that are not addressed through Errors & Omissions Liability, Directors & Officers Liability, or Commercial General Liability.

Property and Casualty Insurance

This portion of a comprehensive business insurance plan includes coverage for your property (building, contents, computers, etc.) along with your general liability, which protects against potential bodily injury or property damage sustained by your clients.

Directors and Officers Liability Insurance

This insurance (also known as D&O Insurance) indemnifies directors and officers of an investment advisory firm if they are sued by stockholders, employees, clients and others in conjunction with the performance of their duties.

ERISA - Fiduciary Fidelity Bond Insurance

Similar to ERISA bonds for your own firm’s employee benefit programs, fiduciary fidelity bonds are designed to protect your clients’ retirement plans from fraudulent actions committed by those individuals who are fiduciaries for such plans.

Commercial Crime - Fidelity Bond Insurance

This insurance indemnifies advisory firms against the loss of loss of money or other property sustained through dishonest acts.
Covered acts include larceny, theft, embezzlement, forgery, misappropriation, wrongful abstraction, willful misapplication or other fraudulent or dishonest acts committed by an employee (whether acting alone or in collusion with others).

Cyber - Privacy Liability Insurance

This type of coverage provides first-party as well as third-party coverage stemming from computer-related situations such as data breaches and malware attacks.

Workers' Compensation Insurance

This type of insurance covers medical expenses and lost wages for employees who become injured or ill from a workplace-related situation. Although office exposures don’t carry the same risk that other occupations do, there are still situations that can lead to workplace injury.

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