Policy Period:

May 1, 2024 to December 31, 2024

Insurer:

National Fire & Marine Insurance Company (a Berkshire Hathaway company)

Non Admitted Carrier with an A.M. Best Rating of A ++ (Superior)

Policy Limits:

(Dependent on chosen option)

$1,000,000 per claim / $1,000,000 aggregate per FP

$2,000,000 per claim / $2,000,000 aggregate per FP

$5,000,000 per claim / $5,000,000 aggregate per FP

Coverage Options:

(Dependent on chosen option)

Basic – Securities, Insurance Products & Cyber (Financial Professional Coverage Only)

Basic Plus – Accounting, Securities, Insurance Products & Cyber (Financial Professional and Accounting/Tax Services)

Referral Representatives – Referral of Securities products to a full-time Avantax Financial Professional, or if appropriately licensed and approved, the sale, servicing of Securities products, Investment Advisory products, and/or Insurance products. Note, Referral Representatives requiring the Basic Plus coverage which includes the optional Accounting/Tax Services extension must enroll at the full-time, non-discounted E&O participation cost.

Policy Retentions:

$5,000 each Claim

$10,000 each Claim involving Trade Errors

$2,500 each Claim involving Accounting Services

 (other than covered Audit Services, $5,000)

$10,000 each Claim involving Fraudulently Induced Client Funds Transfers

$1,000 each Claim involving Cyber Events

Coverage:

Coverage is on “Claims Made” basis, which covers claims first presented to an insured and reported to the insurer during current coverage period.

Coverage extends to Financial Professionals: Full-Time Avantax Financial Professionals who are affiliated with Avantax Investment Services® and/or Avantax Advisory Services® (hereinafter, “Avantax”) who have enrolled in the Avantax sponsored Errors & Omissions (E&O) Program (the “E&O Program”) by electing at a minimum the Securities & Insurance coverage and have paid the participation fee are covered under the policy.

Coverage extends to Referral Representatives: Referral Representatives who are affiliated with Avantax who have enrolled in the E&O Program and have paid the participation fee are covered under the policy.

Coverage extends to your corporation: Any corporation, partnership, or other business entity, which is owned or controlled by you, or for which you provide professional services, are considered covered insureds; however, coverage only applies to operations of the business entity directly related to the Professional Services rendered by an Insured Financial Professional.

Coverage extends to your employees: Any of your current secretarial, clerical or administrative staff (including those performing bookkeeping or tax preparation), employees of the Agent, General Agent, Financial Professional or Registered Investment Adviser solely for services performed within his or her capacity as such and on behalf of the Insured Financial Professional and provided that they did not receive any commission income pursuant to a contract with any insurance company or broker/dealer as a result of rendering Professional Services on behalf of the Insured Financial Professional.

Coverage extends top Retired or Disabled Insured Financial Professionals as well as any Insured Financial Professional who retires or becomes disabled during the policy period.

Important Note: Employees and Corporations do not have their own limits; they share the coverage afforded to the Insured Financial Professional.