New crypto endorsement allows financial advisors who offer crypto to their clients to have E&O coverage on those assets
MONTCLAIR, N.J.–(BUSINESS WIRE)–AiK2 Insurance Services, in collaboration with the world’s foremost insurers, is proud to announce a first-of-its-kind crypto endorsement. This new offering will allow advisors who offer crypto to adequately cover those assets for the very first time under their E&O insurance policies.
“AiK2 is committed to staying ahead of the needs of financial advisors and advocating on their behalf – even if that means disrupting the insurance industry,” said Dan Jones, Vice President of Sales and Marketing at AiK2. “Crypto is a rapidly changing market, and one that may soon affect nearly every portfolio. It was a prime area for us to make a difference on behalf of our advisors’ clients, and ensure they are adequately protected.”
The endorsement modifies an advisor’s current insurance to add digital asset dedicated coverage and covers a variety of crypto custodians to those who qualify. Coverage specifically focuses on digital asset wrongful acts: any error, misstatement, misleading statement, negligent act or omission, or neglect or breach of duty by an insured executive, insured adviser, or its insured persons. This cutting-edge protection was not just innovation for innovation’s sake; the market demanded it.
“As the market for crypto currency continues to grow and affect portfolios, it’s imperative for the advisors managing them to be protected,” said Clint Sorenson, Co-Founder of WealthShield. “The demand is out there, and AiK2 was the first firm to crack the puzzle.”
For more information, visit www.aik2.com.
About AiK2 Insurance Services
AiK2 Insurance Services offers business insurance exclusively for RIAs – making it simple, transparent, and cost-effective for RIAs to insure and protect their most valuable asset – their firm. For additional information, please visit www.aik2.com or follow AiK2 on LinkedIn.