Don't leave any aspect of your financial well-being to chance; protect yourself with the right insurance coverage for all your needs.
Fiduciary Liability Insurance
Mistakes can happen, even with the best intentions. But with Fiduciary Liability Insurance, you can safeguard your business and reputation against claims of mismanagement and breach of fiduciary duty.
As a business owner or employer, you have a fiduciary duty to act in your employees' best interests when managing their retirement plans and other benefits.
However, mistakes can happen, and even the best intentions can lead to unexpected legal challenges. Fiduciary Liability Insurance protects your business and employees against claims of mismanagement or breach of fiduciary duty.
Our Insurance Agency offers Fiduciary Liability Insurance to help protect your business and employees from potential legal and financial consequences.
Our policies provide coverage for a variety of claims, including
Alleged breaches of fiduciary duty
Negligent advice or mismanagement of employee benefit plans
Improper selection or monitoring of investment options
Your fiduciary makes an error in administering plans, such as improper enrolment or terminations, resulting in lost or incorrect benefits and your company needs to pay for it.
Solution
Fiduciary liability insurance can be taken to reimburse for the lawsuit & other expenses.
Error in counseling coverage
Risk Factors
Your fiduciary makes an error in counseling when administering health or welfare plans, resulting in lost or incorrect benefits.
Solution
Fiduciary liability insurance can be taken to reimburse the losses incurred.
Poor/Negligent advice coverage
Risk Factors
Your fiduciary gives poor or negligent advice on investing in employees’ retirement plans, resulting in a business loss.
Solution
Fiduciary liability insurance can be taken to reimburse the losses incurred.
Making risky investments coverage
Risk Factors
Your fiduciary may make risky investments with negligence and end up making a loss.
Solution
Fiduciary liability insurance can be taken to reimburse the losses incurred.
Imprudent selection of service providers coverage
Risk Factors
Your fiduciary may end up selecting or monitoring a service provider by being imprudent.
Solution
Fiduciary liability insurance can be taken to reimburse for the lawsuit & other expenses.
