If you work in financial services, you already understand risk. But that doesn’t mean your business is automatically protected. Whether you’re a financial advisor, CPA, wealth manager, or bookkeeping firm, the exposures you face go beyond simple liability—they reach into data privacy, employee management, cybercrime, and client expectations.
At Keslar Insurance, we specialize in building coverage strategies for financial firms with teams—typically 3 or more employees—throughout New Hampshire, Maine, and Massachusetts.
Insurance Solutions Built for Financial Professionals
As a regulated, client-facing business, you need protection that’s both comprehensive and compliant, without overpaying or missing critical gaps. We help you structure an insurance program that covers your team, protects your data, and keeps your operations moving.
Common Coverages for Financial Firms:
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Professional Liability (E&O) – Also called Errors & Omissions, this covers claims that your financial advice or services caused a client to suffer a loss.
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General Liability – Covers physical risks like third-party injuries at your office.
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Cyber Liability – Essential for firms handling sensitive client data, even if it’s stored in the cloud.
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Commercial Property – Protects your computers, furniture, documents, and tenant improvements.
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Employment Practices Liability (EPLI) – Covers claims like discrimination, wrongful termination, or harassment made by employees.
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Workers’ Compensation – Required by law if you have employees in NH, ME, or MA.
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Business Interruption – Helps replace income and cover fixed expenses if your firm is forced to close due to a covered loss.
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Fiduciary or Crime Coverage – Optional protection against employee dishonesty or mismanagement of client funds.
We Work with Financial Firms That Are Growing or Established
We work best with firms that have a team—whether that’s three people or 30. Our clients include:
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Wealth management firms
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Independent financial advisors
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CPA and accounting firms
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Tax prep and planning services
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Bookkeeping and payroll providers
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Business finance consultants
You’re building something stable. We’re here to make sure it’s protected with a smart, custom-fit plan—not a cookie-cutter policy.
- Responsive, one-on-one service
- Licensed in NH, ME, and MA
- Support for multi-location or remote teams
- Fast turnarounds on COIs
- Carriers who understand the financial industry’s exposures
FAQs: Insurance for Financial Services Firms
1. What type of insurance is essential for financial services firms?
You’ll need at a minimum:
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Professional Liability (E&O)
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Cyber Liability
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General Liability
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Workers’ Comp (if you have employees)
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Property coverage if you own or lease office space
EPLI is also strongly recommended once you grow beyond a solo operation.
2. What does E&O insurance cover for financial advisors or accountants?
It protects you if a client claims your advice or service caused a financial loss. It covers negligence, errors, omissions, and misrepresentation claims—even if you didn’t actually do anything wrong.
3. Why is Cyber Liability important for financial firms?
You handle SSNs, bank details, tax records, and investment accounts—prime targets for hackers. Cyber insurance covers breach response, legal costs, customer notification, and reputational damage.
4. Is my business property covered if I lease office space?
Yes, but only if you carry Commercial Property insurance. That covers your computers, client records, decor, and equipment inside the space, not the building itself.
5. What does EPLI cover, and who needs it?
Employment Practices Liability protects your firm from claims made by employees, like harassment, discrimination, wage disputes, or wrongful termination. It’s crucial for any firm with a team.
6. What if my team works remotely across NH, ME, or MA?
We’ll make sure your Workers’ Comp, Cyber, and E&O policies reflect your remote or hybrid setup. Coverage must match where employees are actually located, not just your HQ.
7. Are we liable for a client’s loss if they misunderstood our advice?
Even if you did everything correctly, you can still be accused of causing a financial loss. That’s what E&O is for—it pays to defend and settle claims, valid or not.
8. What’s the difference between Crime and Fiduciary coverage?
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Crime coverage protects against employee theft, fraud, or embezzlement.
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Fiduciary coverage protects against the mishandling of employee benefit plans or retirement funds. Not all firms need both—we’ll help you decide.
9. What’s typically excluded from a standard General Liability policy?
Professional errors, cyber breaches, employee lawsuits, and data theft are not covered under General Liability. You need dedicated policies for each.
10. How can we manage insurance costs as we grow?
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Bundle key coverages
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Use strong contracts and engagement letters
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Implement internal data security protocols
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Schedule annual reviews as your team or service offerings change
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Work with a local agency (like ours) that understands financial firm exposures
Let’s Build a Smarter Insurance Plan for Your Firm
Your business helps clients manage risk. So does ours. Let’s make sure your insurance is helping you stay protected and competitive, without unnecessary complexity or expense.
