SEI and Aon Offer Errors and Omissions Insurance to Advisers

SEI has formed a strategic alliance with Aon's Affinity Insurance Services, Inc. (Affinity) to offer Errors&Omissions (E&O) Insurance to participants in its advisory market.

Through the agreement, advisers who work with SEI will have the option to purchase professional liability coverage specifically designed for financial advisers and investment professionals working with SEI, according to a company announcement. Affinity will be the program administrator, offering a full range of customer services to these advisers.

The agreement includes customer support, marketing and claims administration, among other provisions.

“Not only can E & O insurance help protect adviser firms from potentially devastating financial burdens, it can also provide their clients a better level of comfort, knowing that their adviser has sufficient coverage,” said Kevin Barr, Senior Managing Director, SEI Advisor Network, in the announcement.

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