Background Check Buoys E&O Policy

An ethics group has come out with an errors and omissions insurance program aimed at “low-risk financial professionals.”

The National Ethics Bureau, San Diego, an association for financial professionals who have passed a voluntary, 7-year background check, says rates for its new Preferred Risk E&O program will reflect the fact that successful applicants must answer a series of screening questions.

The E&O program and the screening process are open to non-NEB members as well as to NEB members, the association says.