Brokerage Services

Brokerage Services Liability coverage protects against losses resulting from wrongful acts in rendering or failing to render Brokerage/Advisory Services.

Key Features
Brokerage/Advisory Services means the purchase or sale of securities, mutual funds, annuities, variable annuities, or life, accident or health insurance through an employee of the Company or a third-party service provider pursuant to a contract between the Company and the service provider.

Financial advice, investment advisory services and financial planning advice in connection with the provision of Brokerage/Advisory Services are also covered.

Availability
Coverage is available as:
≡  Part of the Broad Form Company Liability (BFCL) Endorsement;
≡  Part of the Bankers Professional Liability (BPL) Endorsement; or
≡  A separate Brokerage Services Liability Endorsement.