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Arthur J. Gallagher & Co. (AJG: NYSE) now provides RRADA Members with an E&O insurance policy, which is offered by Lloyds of London (A+ rated institution). . The Solution - RepSync. A True Solution To Your E&O Frustrations A Winning Combination!. DEFENSE. INDEMNITY. RepSync.

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The Solution - RepSync

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Arthur J. Gallagher & Co. (AJG: NYSE) now provides RRADA Members with an E&O insurance policy, which is offered by Lloyds of London (A+ rated institution).

The Solution - RepSync


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A True Solution To Your E&O FrustrationsA Winning Combination!

DEFENSE

INDEMNITY

RepSync

A True Solution to your E&O frustration


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Introduction to Arthur J. Gallagher and RRADAWho are we?

RRADA

Arthur J. Gallagher

  • Formed by financial professionals

  • Resource to B/D’s and RR’s

  • Provide legal services for the defense of customer arbitrations paid for by RRADA

  • Unlimited telephone consultations with experienced securities attorneys

  • Periodic industry updates

  • Referrals to experienced securities attorneys providing a minimum 20% discount for legal services

• Dedicated RepSync Team in U.S. and London

• 20+ years of experience assisting Broker Dealers

• 8,500 Employees Worldwide

• NYSE Traded (AJG)

• 3rd largest Insurance Broker in the United States

• Consistency in Staff and Client Service


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RepSync ProgramHave you asked yourself the following questions ?

  • Is your deductible $25,000, $50,000, $75,000, or $100,000 per claim?

  • Are your brokers contractually obligated to indemnify the BD for the deductible in a customer claim?

  • Do you have sufficient net capital to pay multiple E&O deductibles from customer arbitrations without an adverse impact on your net capital?

  • Does your E&O policy allow you to choose your defense attorney for a customer arbitration?

  • Does your E&O policy provide you with free telephone consultations with experienced securities attorneys for industry related, general business questions?

  • Is your present E&O carrier eager to cover you when you have a customer claim or does it always find a reason to avoid paying?


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RepSync – Your E&O Solution

Coverage Highlights

  • Unlimited Defense Coverage for Customer Arbitrations

  • Coverage applies to both the B/D and the RR or separately

  • Competitive rates

  • Can provide no deductible*

  • No exclusions limiting your defense coverage

  • Defense for Investment Banking and other activities included

  • Settlements and Judgments are insured, protecting the capital base of the B/D

  • Prior acts coverage may be provided

  • Choice of counsel provided**

  • Backed by Lloyds of London A+ Rated insurer

  • Regulatory updates

  • Free Telephone consultations with securities attorneys

  • And more………………….

*Customer Arbitrations only while

a member of RRADA

**Attorney approved by RRADA


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Compare

TRADITIONAL E&O

INSURANCE POLICY

RepSync E&O Program

“RepSync Policy”

  • High Deductibles: $50,000 - $100,000 per claim.

  • Issues of Net Capital for the B/D for Deductible payments.

  • Numerous product exclusions.

  • Dollar caps on coverage.

  • High premiums coupled with limited coverage.

  • No choice of counsel.

  • Unlimited Defense Coverage for Customer Arbitrations

  • Coverage applies to both the B/D and the RR or separately

  • Competitive rates

  • Can provide no deductible*

  • No exclusions limiting your defense coverage

  • Defense for Investment Banking and other activities included

  • Settlements and Judgments are insured, protecting the capital base of the B/D

  • Prior acts coverage may be provided

  • Choice of counsel provided**

  • Backed by Lloyds of London A+ Rated insurer

  • Regulatory updates

  • Free Telephone consultations with securities attorneys

  • And more………………….

*For customer arbitrations arising from securities transactions while a member of RRADA


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Traditional E&O Indemnity Policy

Example:

A customer files an arbitration naming your firm and Registered Representative. The Arbitration Panel awards the customer $100,000. Your firm has a $50,000 deductible on the E&O Indemnity Policy. If the legal fees are $50,000 your firm is required to pay $50,000.

E&O Indemnity Policies other than the RepSync Program will not eliminate your $50,000 deductible because the E&O insurance carrier has to pay the legal defense fees since RRADA is not involved.

Traditional E&O

Indemnity Policy

Result:

In this case your firm is responsible for the $50,000 deductible


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Savings with the RepSync Program

Example:

A customer files an arbitration naming your firm and Registered Representative. The Arbitration Panel awards the customer $100,000. Your firm has a $50,000 deductible on the E&O Indemnity Policy. If the legal fees are $50,000 to defend the case your deductible is satisfied in full.

RepSync

  • RRADA pays for your defense coverage for the purchase of securities, while a member and 6 months prior to becoming a member.

  • Your E&O Indemnity Policy deductible is reduced by what RRADA pays towards your defense coverage

Result:

In this case your deductible is zero*.

*E&O Indemnity Policies other than the RepSync Program will not eliminate your $50,000 deductible because the E&O insurance carrier has to pay the legal defense fees since RRADA is not involved.


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What is required to quote

Application for indemnity portion of RepSync program

Copies of your Form BD, ADV and most recent year end financials

Copy of Current E&O policy form and endorsements

List of NY registered and domiciled RR’s

RRADA Broker Dealer Application


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