If you own an independent RIA and are state filed, the answer is probably NO. Most independent state-filed RIAs fail to read the small print excluding state-filed firms. It is your responsibility to understand your coverage and the exclusions. If a claim is filed, you will have NO coverage!
At RIA Registrar, you never have to worry about the fine print. We ensure your coverage is valid based on the status of your firm. If a claim is filed and you have E&O through us, you WILL have coverage!
Our E&O coverage is for state and SEC-filed RIA firms. Our carrier is rated A+ by AM Best.