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​​DENVER – The Financial Planning Association® (FPA®) and Calsurance® are pleased to announce that a partnership is now in place to offer FPA members access to stable, low premium, A-rated Errors and Omissions (E&O) Insurance to protect them against losses due to an actual or alleged negligent act, error or omission committed in the scope of their duties as investment advisers.

The partnership agreement between FPA and Calsurance® (offered through Brown & Brown Program Insurance Services, Inc. d/b/a CalSurance Associates) will provide Life Agents and Registered Investment Advisers (RIAs) with exclusive access to E&O Insurance through their FPA membership, including special plans and discounted pricing not available to the typical adviser. FPA members seeking E&O coverage will save hundreds – potentially thousands – through this new partnership.

“We are thrilled to secure this terrific opportunity for our members,” said FPA Executive Director and CEO Lauren M. Schadle, CAE. “E&O Insurance has always been viewed as too expensive by many in the financial planning profession. This program will give our members an opportunity to protect themselves and their businesses.”

CalSurance® worked with FPA and A XV rated carriers to offer FPA member RIAs and Life Insurance Agents a competitive E&O Insurance program that includes:

RIA Program:
  • Premiums as low as $1,250
  • Individual firm limits
  • Multiple limit options
  • Life Insurance Agent coverage at no additional costs
  • Flexible payment options
  • Standard $5,000 deductible
  • Coverage for Prior Acts as a Registered Representative available
Life Agent Only Program:
  • Premiums as low as $450 
  • Individual limits, no sharing limits with other agents
  • Multiple limit options
  • Flexible coverage and payment options
  • Deductible as low as $500 per claim 
“Registered Investment Advisors have been asking CalSurance® for a product that addresses their unique needs for years. While there are a variety of carriers providing professional liability insurance for large firms (over $500M in AUM), there are few affordable options including the features the growing adviser is looking for. We have partnered with a large national carrier to provide FPA member firms instant access to low minimum premiums and retentions via our simple online application process,” said Joshua Wels, Vice President of Marketing & Operations at Brown & Brown Program Insurance Services, Inc.

The partnership with Calsurance® is part of FPA’s Member Discount Program – a program that connects FPA members with the tools and resources that take their practices to the next level, all while saving them money that more than covers the cost of their annual dues. The program offers significant discounts on many back office, client experience, education and training, insurance, marketing, research, software, succession planning and technology services.

“FPA negotiates savings and discounts on behalf of our members every day,” added Schadle. “We are committed to being a resource for our members to bring them top tier practice management products and services at the best rates available.”

FPA members interested in learning more about the new Calsurance® E&O Insurance program can contact info@OneFPA.org.​