Although standard disclosures are stated - such as making sure that clients understand that certain investments are not guaranteed and may indeed lose value - UBS employees are still vulnerable to lawsuits and other legal problems.
The main concern when obtaining professional liability insurance for UBS employees should not be finding the cheapest coverage available, but instead should be finding quality coverage at a reasonable price.
When entering into employment with any financial firm - UBS or otherwise - you must find out what the level of coverage is that is provided to you and then decide how much additional insurance to secure.
Obtaining professional liability insurance for UBS financial advisers is a prudent idea, especially for the UBS employees who work directly with customers in the context of advising on monetary matters.
Not every UBS employee is a financial adviser, but anyone working in the capacity of helping people and businesses manage their wealth must have adequate liability insurance as a safeguard.