National Exempt Market Association

National Exempt Market Association

June 15, 2015 12:07 ET

National Exempt Market Association (NEMA) Launches E&O Program

CALGARY, ALBERTA--(Marketwired - June 15, 2015) - Due to member demand, NEMA has developed an exempt market industry E&O program so that if Advisors are faced with litigation, they are not alone. The world of financial services is unfortunately becoming more litigious, and Advisors need to protect what they have built with best practises, and insurance.

NEMA's group E&O program is now active (through BFL and Zurich), there is a $10,000 deductible and the rates are:

$1000 for 1 million

$1300 for 2 million

Prior acts are covered (if they have kept continuous) coverage as well as coverage for regulatory investigation coverage. If dual licensed, the policy covers professional services / activities rendered under Life, A&S, IIROC and MFDA licenses. For other plan highlights, click here.

We are very excited to launch this program and have worked hard to make sure this program is best in class. NEMA will work on a corporate group program as the next step to create value for our members.

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