Join us for an insightful episode of the Advisors Edge Podcast as host Rob Jacomen and co-host Chad Ramberg welcome Greg Severinghaus from Markel.
With over a decade of experience in the insurance industry, Greg shares his journey from economics and financial services to becoming an underwriting manager specializing in financial institutions.
In this episode, we dive deep into the evolving landscape of insurance for financial advisors, discussing the increasing aggressiveness of the SEC, the rise of social engineering claims, and the importance of having the right coverage in place.
Greg emphasizes that you don't have to do anything wrong to get sued, making it crucial for advisors to understand their risks and the importance of insurance.
We also explore best practices for advisors to protect themselves, the significance of clear client agreements, and the value of working with industry niche specialists.
Greg shares valuable insights on how to proactively manage risks and the benefits of thorough insurance applications.
Whether you're an advisor, broker, or simply interested in the financial services industry, this episode is packed with valuable information and practical tips to help you navigate the complexities of insurance.
Key Takeaways:
✅ The importance of insurance in protecting financial advisors
✅ Understanding the risks associated with unregistered securities
✅ Best practices for client agreements and disclosure
✅ The value of working with specialized insurance brokers
Don't miss this opportunity to learn from one of the best in the industry!
Connect with Greg on LinkedIn: https://www.linkedin.com/in/greg-severinghaus-1922b623/
Connect with Chad Ramberg, Owner of Box Professional Insurance: https://www.linkedin.com/in/chad-ramberg-71278533/
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We've created a simple FREE Guide and Checklist, "Top 10 Cybersecurity & Risk Management Best Practices for RIAs" that you can download here 👉 https://go.boxproinsurance.com/ria-risk-management-free-guide
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