Village Insurance Advisors is a South Carolina-based insurance agency providing specialized insurance solutions for accountants and investment advisors. Designed for complex risk and regulatory scrutiny, we understand the nuances of your business and design risk management solutions to protect what you’ve worked hard to build.
We work with accounting professionals at every stage – from bookkeeping practices to large accounting firms – and with investment advisors ranging from solo practitioners to complex RIA organizations. As an independent agency, we partner with leading carriers that specialize in professional liability insurance. We benchmark your coverage and pricing to ensure your policies remain competitive and appropriate for your risk.
Financial firms require a level of industry-specific insurance knowledge that goes beyond what a generalist can provide. Because financial firms advise others, the standard for risk management is higher. Firms in this space benefit from working with an insurance advisor who understands how they operate, how claims arise, and how coverage responds.
A business owners policy is a simplified multiline policy that includes both property and general liability as well as business interruption protection.
Professional Liability Insurance, also known as errors and omissions, protects you as the advisor against the full costs of a claim made by a client for negligent acts or errors made by you or your employees. Coverage is included for mutual funds, publicly traded stocks, bonds, and REITS, covered calls, protective puts, and regular ETFs and ETNs. This insurance covers your professional liability in the event of financial advice that creates a loss, accusations of negligence, or errors in calculations
Cyber Liability Insurance is crucial for investment advisors who handle sensitive financial information. This coverage protects against all types of cyber-attacks. Cyber attacks and data breaches are a growing threat to our economy, and the proliferation of AI is exacerbating these risks at a rapid rate. Protection against these threats is crucial for investment advisors who handle sensitive financial information. This insurance will augment and support your business in the recovery after an attack. It will provide access to expert resources and financial support through investigation, notification, recovery, and post-recovery activities. These types of cyber-attacks make your business vulnerable:
Property Insurance protects the investment you’ve made in your business property including office space, furniture, computers, equipment, and artwork.
General Liability covers basic risks faced by financial professionals, including client injuries on your property.
The number of lawsuits filed by employees against their employers has been rising. While most suits are filed against large corporations, no company is immune to such lawsuits from disgruntled employees. EPLI provides protection against many kinds of employee lawsuits, including claims of:
All financial services firms employing four or more people are required to have workers’ compensation insurance.
The client filed a civil lawsuit for negligence and breach of fiduciary duty and A FINRA arbitration demand (even though the advisor was fee-only, not broker-dealer affiliated)
Alleged damages: $420,000 + legal fee
$1M per claim / $1M aggregate Investment Advisor E&O with defense costs inside the limit
Defense attorney fees: ~$180,000
Expert witness costs: ~$45,000
Mediation expenses: ~$20,000
Settlement paid to client: $275,000
Total claim cost: ~$520,000
Out-of-pocket for advisor: Deductible only (e.g., $10,000–$25,000)
Who: A small registered investment advisor (RIA) with ~$120M AUM, primarily serving retirees and pre-retirees. The advisor recommended a high-yield private real estate fund to a 67-year-old client seeking income.
Two years later: Interest rates rose and The real estate fund suspended distributions. the fund later wrote down asset values by ~35%. The client lost ~$420,000 of their $1.2M portfolio and alleged unsuitable investment for their age and risk tolerance, Failure to disclose liquidity risk, Misrepresentation of downside risk
A CPA fails to timely file Form 2553 for a new business.
Incorrect classification of equipment as fully deductible.
Revenue recognition errors not identified in audited financials; lender relies on statements.
State filing missed during staff transition.
Phishing attack exposes 1,200 client tax records.
The South Carolina Association of CPAs (SCACPA) supports and advances the CPA profession through advocacy, education, networking, and industry updates. Since 1915, SCACPA has represented CPAs at state and federal levels, providing essential resources and connections to help them excel. Members benefit from unlimited education, legislative influence, and career support, including scholarships and exam prep.
Village Insurance Advisors is proud to be part of SCACPA, supporting its mission to strengthen and protect the CPA community.
