Broker /Dealers
Coverage for defense, investigation and settlement costs of securities broker/dealers, their officers, directors, partners or employees of the broker/dealers and registered representatives of the broker/dealers.
The policy covers the actual or alleged:
- Rendering or failure to render Professional Services by the Broker/Dealer; or
- Failing to supervise a Registered Representative in the rendering or failure to render Professional Services by such Registered Representative on the behalf of the Broker/Dealer; or
- Failing to supervise a Registered Representative in connection with any activity of the Registered Representative other than the rendering or failure to render Professional Services by such Registered Representative on the behalf of the Broker/Dealer.
Eligible Accounts:
No restrictions. Coverage is developed for risks that are experiencing a range of situations.
- Insurance Company cancellations or non renewals due to unfavorable claims experience.
- Organizations facing financial distress including reorganization
- Start ups
- Restructurings
- Other special situations
Coverage:
Negotiating the correct coverage for the desired level of protection can be involved and require various carriers and policy forms.
As a D&O specialist, Hull & Company, Inc. (RFO) develops a variety of protection options for Security Broker /Dealers. We welcome you to contact a staff broker to discuss a particular risk.
- Admitted and non-admitted insurance companies
- Traditional Primary and Excess coverage
- Side A Excess Difference-In-Conditions coverage for preserving personal liability coverage when the company:
- fails or refuses to indemnify a director or officer.
- is sued along with the directors and officers, and the D&O policy limits are eroded or consumed by the policy's entity coverage.
- is financially unable to indemnify its directors and officers against claims made against them.
- is prevented by law (domestic or international) from indemnifying its directors and officers for the particular claim at issue.
- Limits vary by account. High limits available for large risks.
Applications:
(includes Directors and Officers Liability, Employment Practices Liability, Fiduciary Liability, Professional Liability)
(includes Professional Liability)
Other Coverages:
All or most other coverages that comprise the Hull & Company, Inc. (RFO) practice are appropriate. Contact a staff broker to discuss a particular account.
All insurance product and/or coverage descriptions are informational only. It is neither an offer to sell nor a solicitation to purchase any particular insurance product. Coverage may not be available in all jurisdictions.