Anyone involved in advising other people or entities on financial matters or who handle financial transactions or otherwise act in a 
fiduciary manner for others needs special protections to ensure they and their employers don’t find themselves on the wrong end of a costly lawsuit. Stock traders, financial advisors, insurance producers and many others must have the proper levels of protection to protect themselves and their employers as well as their clients from accidents, mistakes and unintended consequences that can occur on any given day while conducting business.
Individual Professionals Can Work For Themselves
Whether you are a stock trader, real estate broker, insurance producer, investment advisor or work in some other capacity that enables you to advise others on financial matters and occasionally act in a fiduciary manner, having the right structure can protect you and your assets. Instead of working independently as an individual professional, professionals can organize their own business, such as a limited liability company, and become its sole employee while drawing a salary. The business structure will give you an additional layer of protection between your work life and your personal life and keep your business assets separate from your personal assets, which can be a great help if ever facing a costly lawsuit.
Risk Management Can Prevent Many Lawsuits
Advice on organizing a business is available as is advice on how to protect that business and its officers and employees against potential costly lawsuits. Errors and omissions insurance, proper business structuring and ensuring all contracts are valid and don’t have any surprises that could lead to lawsuits will help to keep personal wealth and assets apart from business wealth and assets while also providing clients with a measure of protection against possible losses arising from simply and honest work mistakes.
What kinds of asset protections do your business employ?
