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(I have recently joined IQVIA bangalore. I will receive my first month salary on 25th this month. Payroll portal got just created for me. So, I opened.)
In my reports -> My current CTC section. It has details of Current annual & Monthly AGS. My question is what is AGS? It is showing half of my CTC. Should I raise this to HR or it is just something else. And where can we get the actual CTC reflection? Pls help. Thanks in advance.
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I guess the way I look at it, is you have to consider the investments and strategies you are using first.But the different between $1mm and something bigger (say $2mm) is probably only $300-500 a year in premium, no?I can tell you that on my plan, the difference between $1mm and $2mm per claim (and $1mm to $2mm in aggregate) was just over $300 per year.If it concerns you, just do it.
It does not really concern me since I am rather picky when it comes to client selection. Not to mention I have heard from numerous people that most E/O plans do not really cover your true risks.More or less wondering what most people carry that have larger than average account sizes.
I carry $2mm/$2mm, and I don't have any $5mm+ clients. But I went from $1mm to $2mm because the premium increase was marginal.And I agree, when I look at the Outline of Coverage, there are a lot of things that it won't cover that are more common lawsuit targets. For example, I'm not sure it would cover "unsuitable investments". If a client disagrees with an investment you used and it lost value.It covers trade corrections, but how common is that??
I wouldn't do it... most E/O claims aren't investments but products (VAs, non traded REITS, private investments)...You don't even really need E/O if you aren't using those products, and doing a basic risk assessment.. Also the deductibles on E/O are stupid some as high as $50k...
I have mixed feelings, a large E&O also means a large target on your back... plaintiffs attorney s go where the money is. Low or no E&O means you are vulnerable and anybody who thinks their clients won't file suit is just crazy... what about a family member or spouse or beneficiary? Remember attorneys will say anything to get the biz. Get good dispute resolution language (hint, both sides pay own attorney fees) and have a good broad based E&O policy from a reputable carrier... having to pay out of pocket few hundred thousand in settlement can sting!
Btw, you can buy deductible insurance also... it makes sense if you have multiple IARs under one policy...