Financial & Professional Industry

Insurance for financial and professional firms is essential for mitigating risks inherent in their operations and protecting against potential liabilities that could arise from providing services to clients. As pillars of expertise and trust, financial and professional firms face unique challenges and responsibilities in managing clients’ finances, legal matters, and business affairs. In this context, insurance serves as a critical safety net, offering financial protection, legal support, and peace of mind in the face of various risks and uncertainties.

Financial and professional firms operate in complex regulatory environments and are subject to legal requirements, industry standards, and client expectations. Despite best efforts to provide accurate advice, errors, omissions, or unforeseen circumstances can occur, potentially leading to financial losses, legal disputes, or reputational damage. Insurance coverage tailored to the specific needs of financial and professional firms helps address these risks by providing coverage for a wide range of potential liabilities, including professional negligence, errors or omissions, data breaches, fraud, and other legal claims.

In addition to protecting against liabilities related to professional services, insurance for financial and professional firms also covers risks associated with property damage, business interruption, cybersecurity threats, employee-related claims, and other unforeseen events. By investing in comprehensive insurance coverage, financial and professional firms can safeguard their assets, protect their reputation, and maintain the trust and confidence of clients and stakeholders.

Furthermore, insurance for financial and professional firms helps ensure continuity of operations, financial stability, and regulatory compliance. In today’s dynamic and interconnected business environment, where risks are constantly evolving, having the right insurance coverage is not only prudent but also essential for the long-term success and sustainability of financial and professional firms.

Why Choose The Millward Agency?

Choosing The Millward Agency means opting for unwavering confidence in your insurance provider. Our accolades and recognitions speak volumes about our commitment to excellence. Our bespoke insurance solutions are designed to underwrite your success, with a proven track record of serving businesses like yours with integrity, innovation, and a keen understanding of industry-specific risks.

Nationwide Presence

We are proud to offer nationwide coverage while retaining a personal touch that resonates with local communities. Our understanding of diverse regional needs ensures that our clients receive service that feels both global and neighborly.

75+ Years of Expertise

We carry a legacy of over seven decades in the insurance industry. Our enduring commitment to excellence is rooted in a deep understanding of insurance’s evolving landscape, shaped by years of experience and client-focused service.

Integrity in Every Policy

Our philosophy is simple: if we wouldn’t buy it ourselves, we won’t sell it. This ethos ensures every policy we offer is built on a foundation of trust and reliability, reflecting our commitment to honest and transparent insurance solutions.

Class of Business

IconAccounting Firms
Provide accounting, auditing, tax preparation, and consulting services to individuals, businesses, and organizations. This includes services such as bookkeeping, financial statement preparation, tax planning, and compliance.
IconLaw Firms
Offer legal services and representation to individuals, businesses, and government entities. Law firms may specialize in various practice areas, including corporate law, litigation, real estate, intellectual property, family law, and criminal defense.
IconFinancial Planning Firms
Provide personalized financial advice, investment management, retirement planning, estate planning, and wealth management services to individuals, families, and businesses. Financial planners help clients achieve their financial goals and navigate complex financial decisions.
IconInsurance Agencies and Brokers
Offer insurance products and risk management services to individuals and businesses. Insurance agencies and brokers help clients assess their insurance needs, compare coverage options, and secure policies for various types of insurance, including life, health, property, casualty, and liability insurance.
IconConsulting Firms
Provide specialized expertise, strategic advice, and business solutions to clients across various industries. Consulting firms may offer management consulting, IT consulting, human resources consulting, marketing consulting, financial consulting, and other advisory services.
IconReal Estate Agencies
Assist individuals and businesses in buying, selling, renting, leasing, and managing residential, commercial, and industrial properties. Real estate agencies represent clients in property transactions, negotiate deals, conduct market research, and provide property management services.
IconArchitectural and Engineering Firms
Offer architectural design, engineering, planning, and consulting services for building projects. These firms design and oversee the construction of residential, commercial, industrial, and infrastructure projects, including buildings, bridges, roads, and utilities.
IconMedical and Healthcare Practices
Include medical offices, dental practices, veterinary clinics, and other healthcare providers offering diagnostic, treatment, and preventive services to patients. These practices may operate as solo practices, group practices, or multispecialty clinics.
IconHuman Resources and Recruitment Agencies
Provide HR consulting, staffing, recruitment, and talent acquisition services to businesses. These agencies help companies find and hire qualified candidates for permanent, temporary, or contract positions across various industries and job functions.
IconInformation Technology (IT) Services Providers
Offer IT consulting, software development, cybersecurity, cloud computing, network infrastructure, and managed IT services to businesses. IT service providers help clients leverage technology to improve efficiency, productivity, and innovation.
IconMarketing and Advertising Agencies
Provide marketing strategy, branding, advertising, digital marketing, social media management, and creative services to businesses. Marketing agencies help clients promote their products or services, attract customers, and build brand awareness.
IconFinancial Institutions
Include banks, credit unions, investment firms, asset management companies, and other financial institutions offering banking, lending, investment, and financial services to individuals, businesses, and organizations.

Common Policies Needed

Insurance coverage for financial and professional firms is crucial for protecting against a wide range of risks and liabilities inherent in their operations.

These insurance coverages help financial and professional firms mitigate risks, protect against liabilities, and maintain financial stability in the face of unforeseen events. It’s essential for firms to work with experienced insurance professionals to assess their specific risks and tailor insurance programs to their unique needs and exposures.

Here are some common insurance coverages needed for financial and professional firms:

Professional Liability Insurance (Errors and Omissions Insurance)

Protects against claims of negligence, errors, or omissions in the performance of professional services. This coverage is essential for financial and professional firms, including accounting firms, law firms, consulting firms, and investment advisors.

General Liability Insurance

Provides coverage for bodily injury, property damage, and personal injury claims arising from the firm’s operations or premises. General liability insurance protects against third-party lawsuits and is important for any business that interacts with clients or the public.

Cyber Liability Insurance

Covers losses resulting from data breaches, cyberattacks, or other cyber incidents that compromise sensitive information stored or transmitted by the firm’s computer systems. Cyber liability insurance is essential for protecting against financial losses, regulatory fines, and reputational damage associated with cyber threats.

Directors and Officers (D&O) Insurance

Protects the firm’s directors, officers, and board members from personal liability for decisions made in their official capacities. D&O insurance covers legal expenses and damages arising from lawsuits alleging mismanagement, breach of fiduciary duty, or other wrongful acts.

Employment Practices Liability Insurance (EPLI)

Provides coverage for claims related to employment practices such as discrimination, harassment, wrongful termination, or violation of employment laws. EPLI insurance protects against lawsuits filed by current or former employees alleging unfair treatment or unlawful practices.

Fiduciary Liability Insurance

Covers claims alleging breaches of fiduciary duties related to the management of employee benefit plans, such as retirement plans or health insurance. Fiduciary liability insurance protects against lawsuits brought by plan participants or regulatory agencies.

Crime Insurance

Protects against financial losses resulting from employee dishonesty, theft, fraud, or other criminal acts. Crime insurance provides coverage for losses of money, securities, or other property due to internal or external theft.

Business Interruption Insurance

Provides coverage for lost income and extra expenses incurred by the firm due to a temporary closure or interruption of operations caused by covered perils, such as fire, vandalism, or natural disasters.

Property Insurance

Covers damage or loss to the firm’s physical assets, including buildings, equipment, furniture, and other property, due to perils such as fire, theft, vandalism, or natural disasters.

Commercial Auto Insurance

Provides coverage for vehicles owned or used by the firm for business purposes, such as company cars or vehicles used for client meetings or travel.

Workers' Compensation Insurance

Provides benefits to employees who suffer work-related injuries or illnesses. It is a mandatory form of insurance in most jurisdictions, designed to protect both employees and employers by providing financial assistance and coverage for medical expenses and lost wages resulting from work-related injuries or illnesses.

The Millward Agency, Inc. Testimonials

Hear from our clients who have achieved stability and growth with The Millward Agency’s insurance solutions. Our case studies demonstrate our commitment to providing unparalleled support and protection, proving that no challenge is too big when you have the right insurance partner.

Kurtis ThorntonKurtis Thornton
18:38 16 Jan 22
Very helpful and nice people, a great place to get your insurance needs taken care of.
Christopher LymanChristopher Lyman
14:48 26 Oct 19
Finally, I don't need to ever look for another insurance agent. The Millward Agency handles my personal and business insurance. Always helpful with my questions and quick to respond to my emergencies. The Millward Agency Rocks!
Markusz SudozMarkusz Sudoz
19:03 19 Jul 19
Every time I go to my broker, Ed Caceres @ the Millward Agency, he always finds me the best insurance rates on my real estate properties. Ed is great, always extremely responsive and understanding of the industry. In the past I would go do my own insurance shopping and spend hours on hours to get the best rate, now I do not even bother shopping around I just call Ed and he always has the best pricing. In the beginning I got a quote from Ed then shopped around, now I have learned to not even waste my time. Ed @ Millward Always saves me hundreds of dollars. 110% on customer service, 100% on pricing!!! A+++
Mobility SolutionsMobility Solutions
19:09 25 Jul 18
Everybody!!!!! is Great to work with when ever I need anything which is almost monthly.Linda
carlene klebecarlene klebe
20:01 22 Jun 18
My former insurance agent and friend recommended Ed Caceres of Millward Agency. Within hours of having given Ed a call, I had quotes and was decided to go with his carrier. He was professional and answered all my questions. I’m happy to have done business with Ed and Millward Agency.
John CourtneyJohn Courtney
16:20 11 Jun 18
Business or Personal this is who you want - Personal service from their Team is amazing, treat as though you are their only client.* Business - Review policy/coverage every year. Not limited to one or two insurance providers. Recommend changes, not necessarily to save money (although it is available) provide additional coverage. Three months later our additional coverage cost $150 on a $15000 claim. For years we were not covered! They are not limited to one or two insurance providers as our previous agent.* Personal - couple of claims were handled like we were their only client. They bundled coverage in such a way to save $2100 a year for a family of four and kids in college.***Will continue to recommend to business colleagues, friends and family***
Karen CarterKaren Carter
16:01 08 Jun 18
Our company has been working with Millward Agency for many years.They have been the best insurance company I have ever worked with.The staff is always very informative and very professional. Our insurance needs which include general, auto and worker's comp are very complex. Millward is able to handle and update all of our needs at any time of the year. I really like the fact they get back to you very quickly! They are very knowledgeable and caring we never think of going elsewhere. We will definitely be customers for years to come. Thank you Millward Agency!
Chad StottChad Stott
17:56 07 Jun 18
Wade and the Millward team have been consistently reliable, prompt, knowledgeable and a pleasure to work with. Wade and his crew have guided us through our ever growing needs and we attribute our success to the partnerships we have forged with organizations like The Millward Agency. We look forward to many more years working together.

Get a Quote

Ready to accelerate your business’s security and success? Contact Millward Agency today for a personalized insurance quote. Our team of experts is here to guide you through the process with ease and confidence, ensuring your business is covered, no matter what lies on the road ahead.