Fiduciary Liability Insurance

Fiduciary liability insurance protects employers, plan sponsors, and business owners from claims related to the mismanagement of employee benefit plans. This coverage is essential for organizations that offer retirement, health, or other benefit programs, ensuring compliance with fiduciary responsibilities under ERISA and other regulations.

For a full overview of coverage options, visit our Fidelity Liability Insurance page.

Fiduciary Insurance

Fiduciary insurance provides financial protection when leaders are accused of errors in managing benefit plans.

• Covers defense costs, settlements, and judgments.

• Helps employers demonstrate accountability and safeguard employee trust.

Fiduciary Liability Coverage

Fiduciary liability coverage extends protection across common risks:

1. Improper plan administration.

2. Errors in investment decisions.

3. Failure to disclose plan details.

4. Breach of fiduciary duty.

Fiduciary Liability Policy

A fiduciary liability policy outlines the scope of protection.

• Defines coverage limits, exclusions, and responsibilities.

• Should be reviewed annually to align with evolving regulations.

Fiduciary Responsibility Insurance

Fiduciary responsibility insurance ensures compliance with legal obligations.

• Protects against claims of negligence or misrepresentation.

• Critical for HR teams, plan administrators, and executives.

Fiduciary Liability Cost

Fiduciary liability cost depends on several factors:

1. Size of the organization.

2. Number of benefit plans offered.

3. Claims history.

4. Coverage limits and deductibles.

Fiduciary Liability for Employers

Fiduciary liability for employers is vital for companies offering employee benefits.

• Protects against lawsuits tied to retirement or health plan mismanagement.

• Ensures financial stability and compliance.

Fiduciary Liability Plan Sponsors

Fiduciary liability plan sponsors coverage is designed for those overseeing benefit plans.

• Applies to trustees, administrators, and board members.

• Helps mitigate risks tied to plan oversight.

Fiduciary Liability ERISA

Fiduciary liability ERISA coverage ensures compliance with federal regulations.

• Protects against claims of breach under ERISA laws.

• Essential for organizations managing retirement and pension plans.

Fiduciary Liability Small Business

Fiduciary liability small business coverage helps protect limited resources.

• Small businesses offering benefits are equally exposed to fiduciary risks.

• Coverage ensures continuity and employee confidence.

Key Takeaways

• Fiduciary liability insurance protects employers and plan sponsors from benefit plan mismanagement claims.

• Coverage applies to ERISA compliance, fiduciary responsibilities, and plan administration.

• Policies should be customized and reviewed regularly to match organizational needs.