Financial & Professional Services

Protecting judgment, advice, and reputation

Republic Insurance Group delivers specialized insurance and risk management solutions for financial institutions and professional service firms—designed for organizations whose primary exposure is trust, decision-making, and fiduciary responsibility.

Coverage structured for professional judgment and fiduciary exposure
Experience with regulated and licensed professions
Claims advocacy when allegations are complex and reputationally sensitive

Institutions and professionals built on trust

We work with community-based, regional, and professional firms, including:

Community banks
Credit unions
Trust companies and fiduciaries
Financial advisors and planners
Wealth managers and RIAs
CPAs and accounting firms
Tax advisors and preparers
Management and strategy consultants
Architects and design professionals
Engineers and technical consultants
Law firms and legal practices

When your work involves advice, analysis, design, or fiduciary responsibility, insurance must be built around professional exposure—not physical assets alone.

Coverage designed for advisory and professional risk

Professional Liability (Errors & Omissions)

Allegations of negligence or failure to perform
Defense costs and settlement expenses
Coverage tailored by profession and services offered
Retroactive date and prior acts considerations

Directors & Officers (Management Liability)

Claims against leadership and boards
Governance and decision-making exposure
Coverage for private companies, nonprofits, and financial institutions

Employment Practices Liability (EPLI)

Allegations of wrongful termination, discrimination, or harassment
Management of sensitive employment disputes
Defense costs and settlement exposure

Cyber Liability & Data Privacy

Client and customer data breaches
Ransomware, phishing, and funds transfer fraud
Regulatory notification and response costs
Business interruption from cyber events

Crime & Fidelity Coverage

Employee dishonesty and theft
Funds transfer fraud and social engineering
Client asset misappropriation exposure

General Liability & Umbrella

Premises and non-professional liability
Excess protection over liability and management coverage

Where claims actually arise

Professional services claims are rarely about intent — they are about expectation, outcome, and documentation, including:

Alleged errors or omissions in advice or services
Failure to meet professional standards of care
Breach of fiduciary duty allegations
Regulatory actions and investigations
Client financial loss claims
Cyber incidents and data breaches
Employment-related disputes
Reputational damage following allegations

We focus on anticipating where professional judgment can be questioned and structuring coverage accordingly.

Tailored protection by practice type

Community Banks, Credit Unions & Trust Companies

Financial institution professional liability
Fiduciary and trust administration exposure
Regulatory and governance considerations

Financial Advisors, Wealth Managers & RIAs

Investment advisory E&O
Fiduciary liability and suitability allegations
Cyber and privacy exposure

CPAs, Tax Advisors & Accounting Firms

Tax preparation and advisory E&O
Deadline and filing error allegations
Client financial loss claims

Consultants & Advisory Firms

Strategy, operations, and management advice exposure
Contractual scope and deliverables risk

Architects & Engineers

Design professional liability
Project-specific and long-tail exposure
Coordination with contracts and indemnification

Law Firms & Legal Practices

Legal malpractice exposure
Confidentiality and privilege considerations
Regulatory and disciplinary risk

A judgment-driven approach to professional insurance

Professional liability insurance fails when advisors don’t understand how professionals actually get sued.

Our approach:

1. Service & scope review
We assess what advice is given, to whom, and under what contracts.

2. Coverage architecture
Professional liability, management liability, cyber, and crime coordinated to avoid gaps.

3. Regulatory awareness
Coverage structured to align with licensing, fiduciary, and compliance obligations.

4. Claims advocacy
Hands-on support during allegations, investigations, and disputes.

What clients value most:

Advisors who understand professional risk
Clear explanations without unnecessary complexity
Coverage that responds when reputations are on the line

Frequently Asked Questions

1) Is general liability enough for professional firms?
No. General liability does not cover errors in advice or services.

2) Do small firms really need professional liability?
Yes. Many claims arise from a single client dispute.

3) How important is retroactive coverage?
Critical. Professional claims often arise years after services are provided.

4) Is cyber insurance necessary for professional firms?
Increasingly yes—client data and funds are frequent targets.

5) Do partners and officers need separate protection?
Management liability coverage helps protect leadership decision-making.

6) How often should coverage be reviewed?
Annually, or anytime services, revenue, or regulations change.

Insurance for professionals who carry responsibility

From community financial institutions to trusted advisors and design professionals, Republic Insurance Group delivers insurance solutions built for judgment-based risk.