Insurance for Financial Brokers

Get business insurance with optimized coverage to meet your exact needs

Prefer to speak with a CoverWallet consultant? Call (646) 844-9933 anytime.

Better, Regardless of Your Size

  • Cut through the chatter and get insured right away

  • Take control of your business. Get a quote today

  • Low-cost insurance to start your finance business

  • We protect your business, not your history

Coverage Plans for All Your Needs


When you have equipment or operate from an office

Business Owners Policy (BOP)

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  • Bodily Injury
  • Damage to third party property
  • Business personal property
  • Personal injury
  • Lost business income
  • Equipment breakdown


Protect your business against service errors

Business Owners Policy (BOP) + Errors & Omissions (E&O)

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All Basic plan benefits and:

  • Professional negligence
  • Retroactive claims (previous contracted work)
  • Subcontractor errors


Get protected against Data Breach

BOP + E&O + Workers Compensation*

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All Standard plan benefits and:

  • Coverage for work-related accidents and disease and subsequent:
    • Ongoing medical care (such as rehab)
    • Missed wages during recovery

*plus Workers Compensation


When you have specific requirements

Including Workers Compensation, Hired & Non-Owned Auto, etc.

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We will take care of the switching hassle.

Call us at (646) 844-9933 for help and more information

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Or call (646) 844-9933 anytime.

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Frequently Asked Questions

Why do Financial Brokers need insurance?

Establishments in this industry focus on buying, selling and managing commodities and investment assets. This can include futures trading, foreign currency, agricultural products, and securities. This industry also includes mortgage brokers for individual and commercial loans.

Financial brokers are the standing symbols of success, risk, and insight. This puts a huge responsibility on financial brokers for the success or failure of their clients. If the advice you provide to your client causes financial harm then your business is liable. You’ll have to face charges and the cost of defending your business in a lawsuit could put a huge dent in your business and personal assets.

What risks do Financial Brokers face?

The most common risk financial brokers can face is when they provide services that cause financial harm due to the mistakes that your business made. Below are some risks that your business can face:

  • Your business could be at risk of getting hacked. Your customers' personal information, like social security numbers and credit card numbers, can be stolen by hackers or criminals.
  • A customer slips and falls inside your business property in which it has caused injuries.

How much does insurance cost for Financial Brokers?

There is no fixed cost of an insurance policy for financial brokers, but insurance companies will usually ask for the type of services you offer, the number of employees you have and the coverage needed. Without taking these into account, here are the most common insurance policies bought by financial brokers and their average costs:

  • General Liability insurance costs around $500 in annual premiums.
  • Cyber Liability insurance costs around $600 in annual premiums.

Peace of Mind, At Your Fingertips

CoverWallet utilizes state of the art technology to help small businesses understand and buy customized coverage, get significant savings and conveniently manage their insurance, in a matter of minutes, all through our online platform.

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There is nothing more that CoverWallet could have done to make the process any faster or easier. They made it as painless as possible.

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I was extremely satisfied with all services and communications with customer support. I would definitely recommend to others. Thank you CoverWallet!

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