Errors & Omissions (E&O)
Professional liability for investment advice, allocation decisions, and client communications.
For Financial Firms
Specialty lines for the people who manage other people's money.
Newlights underwrites E&O, D&O, cyber, fidelity, and crime coverage for U.S. RIAs, funds, broker-dealers, and family offices — with policy language that actually fits how modern firms operate.
Directors & Officers (D&O)
Side A, B, and C coverage protecting individual directors and the entity itself.
Cyber Liability
First- and third-party cyber, including ransomware, wire-fraud recovery, and breach response.
Fidelity Bonds (ERISA)
ERISA Section 412 bonds and financial-institution bonds for plan sponsors and fiduciaries.
Property & GL
Office property, business interruption, and general liability for headquarters and satellite locations.
Employment Practices
EPL coverage for harassment, discrimination, and wrongful termination — with HR helpline access.
Who we underwrite
Built for the entire U.S. financial-services landscape.
We work with firms ranging from emerging RIAs with $50M AUM to multi-strategy managers above $10B. Every account is paired with a senior underwriter and a specialty-claims advocate.
- Registered Investment Advisors (RIAs)
- Hedge Funds & Private Equity Firms
- Broker-Dealers & FINRA Members
- Family Offices & Multi-Family Offices
- Venture Capital & Growth Equity
- Banks, Trust Companies & Fintechs
Claims advocacy
A dedicated specialty-claims advocate, named on your policy.
When something goes wrong, you're not routing through a queue. You're calling the person whose name is on your policy declarations page.
See our claims process< 2 hrs
Adjuster assigned
9 days
Median resolution
98%
Paid on first review
24/7
U.S. intake line
$2.1B
Claims paid since '98
A+
AM Best rating
Regulatory alignment
Policy language that mirrors how you're actually regulated.
Our forms are drafted by former SEC and FINRA counsel and reviewed annually against the latest enforcement priorities. That means clean coverage for the exposures examiners actually pursue — not boilerplate written for a 2008 carrier appetite.
- ●SEC Marketing Rule (Rule 206(4)-1) endorsement available
- ●FINRA arbitration defense costs included in E&O
- ●Form ADV & Form PF preparation-error coverage
- ●Cyber forms aligned with NY DFS Part 500 and SEC S-P
- ●ERISA §412 fidelity bonds up to $25M per plan
- ●D&O Side A DIC with full broad-form excess
Typical program
A mid-sized RIA ($800M AUM, 22 staff)
| E&O / Professional Liability | $5M limit |
| D&O Management Liability | $3M limit |
| Cyber Liability | $3M limit |
| ERISA Fidelity Bond | $1M |
| Crime / Social Engineering | $1M |
| EPLI | $2M |
| Estimated annual premium | $38,400 |
Sample only. Your program is rated on AUM, strategy, custody, headcount, and loss history.
Frequently asked
What firms ask before binding.
Do you write coverage for emerging managers?
Yes. We routinely bind first-fund managers with as little as $25M in AUM, including coverage for the GP entity, the management company, and individual principals.
Can you provide an SEC examination response letter?
Yes. Within 24 hours of request, we issue an examiner-ready certificate of insurance summarizing all in-force coverages, limits, retentions, and renewal dates.
How do you handle prior acts?
Full prior-acts coverage is available for firms with continuous claims-made coverage. We'll match or improve your existing retroactive date.
What about cryptocurrency or digital assets?
We underwrite digital-asset RIAs, qualified custodians, and broker-dealers actively trading crypto, with specific endorsements for hot/cold wallet exposure.
Do you cover regulatory investigations pre-claim?
Yes — our D&O and E&O forms include defense-cost coverage for SEC, FINRA, and state-AG inquiries before a formal claim is brought.
What is your A.M. Best rating?
Newlights Indemnity, Inc. is rated A+ (Superior) by A.M. Best with a stable outlook, and our reinsurance is placed with Lloyd's, Munich Re, and Swiss Re.