Some E&O insurance may not cover all of the business you do. This allows for “gaps” in coverage and exposes the Representative, the Supervisor, and Dominion to potential liability that can be avoided.
Dominion Investor Services, Inc. (Dominion) offers group E&O at a competitive cost. Mandatory participation is required, which will include all securities business placed through Dominion, as well as include life insurance and fixed annuity insurance products done away from Dominion.
This mandatory E&O coverage is currently at a cost of $120.00 per month.