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Colorado Insurance Blog

Who Should Consider Financial Planning Insurance?

Planning for the future can be complex and carries risks in some cases. Financial planners and others who work in similar fields are often at risk of having liability claims as a result of their planning actions and advice. Having financial planning insurance is the best way to create a layer of protection.

Financial Planning Insurance

Anyone who advises clients, or has an interest in their investments, should have financial planning insurance in place. This coverage is designed to protect the policyholder from liability claims that are related to client losses that may have happened either directly or indirectly as a result of the financial planner’s advice or actions. Unfortunately, investment is never completely predictable and a volatile market can create heave losses that couldn’t be foreseen by those in the business. This insurance will help prevent personal losses as a result of professional actions. 

Top Quality Coverage Options

Those who are currently interested in purchasing financial planning insurance should work with a reputable, knowledgeable insurance company with agents who have experiences and can offer insight. People who are working in Denver, CO can count on AFI Insurance to provide all of their current professional insurance needs. The agents can work closely with you to assess your risk and then offer ideal coverage options. Additionally, if there is a claim in the future, they can also help submit information and documents to help the process along. 

Those who work in the financial planning industry need reliable insurance that can offer adequate protection from liability. Call or stop by AFI Insurance, serving Denver, CO, to find out more details or for answers to questions regarding insurance coverage. 

Who Is Specialty Insurance for in Denver?

When you already have a variety of insurance policies, such as home, auto, and health, it’s easy to wonder why you would need additional insurance on top of what you already have. If you live in Denver, CO though, it may help to at least understand more about what specialty insurance is and who it’s meant for. AFI Insurance is here to give you the basics so you can decide for yourself. 

A Broad State of Coverage 

Specialty insurance is for a specific event, but that event can be nearly anything you can think of. For example, you may use it to cover your home’s roof because you already know it’s aging and you don’t want to pay your full deductible. Or you may choose to get a specific item covered, such as a diamond ring or a snowmobile. Different carriers will offer different kinds of specialty insurance, you may need to check with your policy writer to find out more about what’s available to you. 

Think About It 

The best thing that you can do to decide whether or not you want specialty insurance is to think about the events that you would specifically like to avoid. Whether it’s a liability lawsuit, the theft of a certain object, or the destruction of your property, this can help you figure out if specialty insurance is worth it for you. 

Taking Action 

Part of protecting yourself in Denver, CO is not necessarily buying all the insurance in the world, but simply knowing when coverage is useful and when it isn’t. If you have any questions about how to keep yourself out of trouble, contact AFI insurance today to see how we can help. 

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