Some investment advisor carriers offer coverage limited fee-based activities. With Markel, your policy can be structured to cover both fee activities and product sales coverage. Markel “bundles” coverage for both fee and commission activities in one policy to allow for a wide range of variation in the nature of your practice.

Our broad definition of covered activities encompasses a variety of professional services:
a) Financial advice given to others for a fee, remuneration, or other consideration

b) Includes pro bono advisory services

c) Educational training such as ERISA 404

d) Additional payment for loss control and investigative expenses.

Did this answer your question?