We have a strong relationship with Markel Cambridge Alliance, who has been at the forefront of the Errors & Omissions insurance market for Divorce Financial Consultants since 2006. Even with recurring economic volatility throughout the years, Markel Cambridge Alliance has remained a solid, stable market.
Coverage Highlights
- Strong defense provision
- “Right and duty” to defend – a contractual obligation to defend against covered wrongful acts
- Most protective option available to policyholders
Incident trigger
- Written demand not required to trigger loss control
- 50% waiver of deductible (up to $12,500) for claim settlement through mediation
Broad coverage for business activities
- Professional services rendered or advice given to other by the insured for a fe, renumeration, or other consideration
- Activities including divorce mediation, preperation of expert testimony and financial models, and personal budgeting advice
- Assistance to a licensed attorney in preperation of a Qualified Domestic Relations Order (QDRO)
Multiple coverage options
- Stand-alone Divorce Financial Consultant Policy
- Also available as an endorsement to a Registered Investment Advisor policy
Limit options from $100,000/$200,000 to $5,000,000/$5,000,000
- Examined on a case by case basis
Deductible options from $1,000
Premium discounts
- Member of trade associations, custodians, and other organizations whicha are affinity partners
Additional Policy Features
- Worldwide coverage for claims brought in the U.S., its territories, and Canada
- Free 60-day extended reporting period
- One-year bilateral tail