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Securities Broker-Dealer

Arch Insurance takes a highly disciplined and strategic approach to providing capacity for one of the market's most distressed lines. In many cases, coverage is underwritten to complement our Company Sponsored Life and Property/Casualty Insurance Agents E&O Insurance. Our Securities Broker-Dealer and Registered Representative E&O policy addresses claims arising from the alleged wrongful acts and wrongful supervisory acts of an insured securities broker/dealer or NASD/SEC registered representative who renders (or fails to render) professional services.

Customer Profile

Our preferred accounts include firms that are insurance company affiliates with the following characteristics:

  • A minimum of 100 registered representatives
  • $150,000 minimum premium; $50,000 minimum retention
  • At least three years in business
  • A majority of revenues derived from selling and servicing mutual funds, variable products, life, accident and health insurance, and municipal bonds
  • A minimal percentage of firm accounts are traded on margin and/or with discretionary authority

Desired risks do NOT derive more than 40 percent of revenue from listed or unlisted stocks, REITS, options, limited partnerships, commodities, investment banking activities and underwriting of stock issues. Firms performing investment advisory services should refer to our Executive Assurance's Financial Institution/Financial Services group.

Key Features

  • Claims made and reported forms
  • Primary or excess coverage available
  • Defense costs paid inside limits of liability
  • Duty to defend policy
  • Loss reporting capabilities


Select retail and wholesale producers


Limits up to $2 million per claim; $10 million aggregate

Submission Guidelines

  • Arch Insurance application
  • At least five years of loss experience
  • Audited financial statements for the sponsoring company


Insurance coverage is underwritten by a member company of Arch Insurance Group Inc. This is only a brief description of the insurance coverage(s) available under the policy. The policy contains reductions, limitations, exclusions and termination provisions. Full details of the coverage are contained in the policy. If there are any conflicts between this document and the policy, the policy shall govern. Not all coverages are available in all jurisdictions.