Registered Investment Advisors Insurance Program

Overview of the Program from Amwins Underwriting

Amwins Underwriting offers the AdvisersGold Registered Investment Advisors Insurance Program — a professional liability solution tailored for RIAs and small- to mid-sized advisory firms. The program is designed to provide focused professional liability and fiduciary coverage for firms that provide investment advice, manage client portfolios, or serve as plan fiduciaries. Amwins positions this product to compete with broad-market professional liability carriers by offering coverage and terms specifically built for RIA exposures.

Ideal Accounts and Appetite

• Small advisory firms with 1–20 registered investment advisors.
• Firms with assets under management (AUM) up to $750 million and annual gross fees up to $10 million.
• Advisors acting as fiduciaries for employee benefit plans or providing insurance/financial product recommendations (with available endorsements).

Accounts outside these parameters — for example, very large RIAs, hedge funds, or firms primarily engaged in high-risk trading strategies — typically fall outside the program’s target appetite and may need referral to other markets.

Coverage Highlights and Advantages

• Policy language that broadly defines covered professional activities and insureds.
• Fiduciary liability coverage for employee benefit plan services.
• Endorsement options to extend coverage for life insurance agents or trustees where needed.
• Premium credits for recognized professional designations and for documented risk management practices.
• Competitive pricing versus generalist professional liability insurers due to the program’s niche focus.

Underwriting Notes and Minimum Premiums

Underwriting favors firms that match the target account profile above and that can demonstrate appropriate policies and procedures (client agreements, supervisory structure, disclosure practices, and documented risk management). Common submission documents include current applications, a description of services, prior loss runs, and information on professional designations or formal compliance programs.

Minimum premiums and final terms vary by exposure and state. For specific minimums and filing details, submit the risk or contact Amwins Underwriting for state-by-state guidance.

Territories and Admitted Status

This program is available in: AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, DC, WV, WI, WY. The AdvisersGold program is offered through Amwins Program Underwriters on a non-admitted/surplus lines basis (Amwins does not write admitted paper for this program in any state).

Why Place This Business with Amwins Underwriting

• Niche RIA expertise — underwriting and policy forms developed for advisory exposures rather than generic professional liability forms.
• Flexible endorsements and discounts that reflect advisor designations and active risk management.
• Program-level capacity and responsiveness for small to mid-size advisory firms.
• Streamlined submissions and the ability to place nationwide through Amwins’ surplus lines capability.

Example Accounts That Fit

• You have a regional RIA with seven advisors, $120 million AUM, a formal compliance manual, and no prior claims — this client matches the AdvisersGold target and could receive competitive terms and discounts for professional designations.
• You represent a small firm acting as a fiduciary for several employee benefit plans and selling life products through a separate producer — the program’s fiduciary coverage plus available endorsements for life/trust activities can fill gaps that generalist PL policies may not address.

Frequently Asked Questions

Need help placing an account? Connect with a market specialist.