Small Business Insurance That is Competitively Priced and That Provides the Gold Standard in Protection in 3 Fast and Easy Steps

• Get instant online Quick Quote premium indication in about 3 minutes.
• Request phone call from experienced insurance agent to finalize your formal proposal.
• Accept proposal and your coverage confirmation may be emailed in minutes.

Investment companies combine their customers' assets and invest them into bonds, stocks or securities, which they declare and file with regulatory governmental on behalf of their customers. The customers, also called shareholders, share the profits and losses of their investments with other customers and the investment company. Specific types of investment companies include mutual funds, closed-end funds, exchange-traded funds and unit investment trusts. 
 

General Liability Insurance for Investment Companies – Injuries may occur on-premise, but since most investment companies conduct business with their clients over the phone and at the client’s location, the chances of liability lawsuits occurring are low. A personal/advertising injury exposure may result from the release of confidential information to unauthorized persons resulting in breach of privacy actions. Such breaches may occur from either paper files or electronic files. All confidential paper files must be located in areas that are not accessible to visitors. A tracking system should be in place to monitor employee usage of files to minimize the time that such files are stored outside of the secure client file rooms. Theft of electronic files is a concern from both unauthorized outsiders and authorized insiders. Special security software should be in place such as firewalls, virus protection, encryption, and the use of complicated passwords that are changed frequently. Electronic file software should provide an adequate audit trail to determine the times that any particular employees had access to or initiated functions from a particular client file.

Workers’ Compensation Insurance for Investment Companies – The primary Workers’ Compensation risks for investment companies are worker injuries due to typical office tasks, which require making the same repetitive movements over and over. Eyestrain from looking at computer screens can also be a common occurrence. Periodic breaks can help to prevent repetitive motion injuries and eyestrain.

Business Auto Insurance for Investment Companies – Investment companies may require the use of automobiles, which may be owned by the company or employee, to do business. Employees may be permitted to use company vehicles after business hours. If any of the above is true for an investment company, then auto accidents may occur. Non-business use of company owned vehicles should be limited. If allowed, the scope of use should be limited and family members should not be allowed to drive.

Property Insurance for Investment Companies – There is some risk of fires occurring in the offices of investment companies. This could occur if electrical equipment poses hazards or circuit breakers are overridden, for example. Contents such as computers, printers, photocopiers, scanners, and telephone systems are sensitive and highly susceptible to damage from smoke, heat, and water. A small fire can result in a total loss to this type of equipment.

Crime Insurance for Investment Companies – Investment companies may experience monetary loss due to employee theft and/or computer fraud. Controls should be implemented to protect against unauthorized sales of confidential client information to third parties by unauthorized or authorized employees. Any copying of paper files or downloading of electronic files should be documented.