security dealer

You pay a lot of money for your errors and omissions policy, but did you know that several carriers don't cover the bulk of your exposure with their standard policies?

Relatively speaking, there are only a small number of carriers that offer errors and omissions coverage for security broker dealers. However, the difference between what any of those given carriers cover is vast. The price you pay for your coverage is meaningless if that carrier is going to exclude claims based on your highest exposure.

Several carriers exclude items like ' trade errors ', transactions involving ' troubled securities ', or they don't cover your ' independent contractors '. These are just a few examples of items that cause big coverage gaps.

Cadence has identified over 90 coverage points that we feel are of concern. We work with each carrier until we have no, or only a few, coverage differences before we present the quotes to you. We know your time is valuable and that our job is to tie up all the loose ends for you so you can concentrate on your business.

Let us get started working for you today.

1. 'Trade error' a claim brought by a customer alleging you bought the wrong stock or in some way didn't execute their order appropriately.
2. 'Troubled security' any security that has received negative press.
3. if independent contractors are not insured, neither they nor your firm have coverage for their actions.