RIA Insurance Application Guide
What each question on your application is really asking, and how to answer it.
Want a second set of eyes on your application?
We work only with RIAs. We'll go through your answers with you before you submit.
Investment Adviser Errors & Omissions (E&O)
Claims history, conflicts of interest, client funds, and more.
General Information
Conflict of Interest
Disclosure Events
Asset Types
Nature of Practice
Limits & Deductible
Social Engineering / Funds Transfer Fraud
- Funds Transfer Fraud and Social Engineering Questions
- Does the applicant disburse customer’s funds or request customer’s funds be disbursed?
- Do you accept funds transfer requests via email?
- Are callbacks to the customer at a prearranged number utilized to ensure the authenticity of funds transfer requests?
- Are password(s) and/or passphrase(s) utilized with customers to ensure the authenticity of funds transfer requests?
- Do you use sending a text message to a prearranged number with customers to ensure the authenticity of funds transfer requests?
- Do you send confirmation to a prearranged email address?
- Do you use a different method to verify the authenticity of funds transfer requests from customers?
- Do you send your customers pre-filled wire instructions?
- How many of your firm’s staff has the ability to send transfer requests to your custodian or bank?
- How many employees do you have that are not family members?
- Does the firm require background checks on all employees with access to sensitive information?