Recent studies indicate many Registered Investment Advisors (RIAs) are unaware of the significance of their professional liability exposure. Many feel the coverage is unnecessary; others believe he/she is covered through the Broker/Dealer through which they are affiliated. Contrary to these misconceptions, uninsured RIAs run the risk of devastating personal financial loss in the event of a claim. The Fox Point E&O product is a cost-effective way for Advisors to protect themselves against a potentially catastrophic professional liability loss. More importantly, the coverage itself is completely portable. It is designed to protect the individual policyholder – not the Broker/Dealer firm with which he/she is affiliated.