THE NAIP PROGRAM FOR REGISTERED INVESTMENT ADVISERS
We are pleased to offer NAIP members the benefit of preferred access and a member discount to Members who wish participate in the Cambridge Alliance E&O program for Financial Advisors and other Financial Professionals.
The Cambridge Program ahs been in continuous operation since 1988, longer than any other E&O program targeted at RIAs. The Program has been managed by Bud and Nancy Bigelow since 1992.
The target market for the Cambridge Program is small to medium sized conservatively managed Registered Investment Advisers. This is the only program which Cambridge manages and, as a result, all Cambridge personnel are highly knowledgeable about to profession, insurance practices, and the liability climate which Advisors face.
For those qualifying for the Cambridge Program, its benefits include:
- Broad form coverage including the “Right and Duty to Defend”
- Several policy incentives to encourage prompt reporting of pending claims
- A continuous record of longevity which exceeds that of any other E&O program for advisors
- Very prompt and highly knowledgeable claims handling.
You will find a published article entitled The Perils Of Group Sponsored Broker / Dealer E&O Insurance Programs at our MEMBERS ONLY website, as well as several other articles at Cambridge’s web site at www.cambridgealliance.com. We encourage you to visit their web site or to call Tony Bougere or Bud Bigelow ay 800-691-1515.
NAIP Members will receive a 5% discount, as well as a discount for other organizations which endorse the Cambridge program up to a maximum of 10%.