Our fiduciary protection insurance is designed to shield those responsible for managing a company’s employee benefit plans, ensuring both responsible management and protection against claims of mismanagement.
Specifically Crafted for Distinct Financial Risks.
Focusing on risks from the Employee Retirement Security Act of 1974 (ERISA), this insurance is pivotal for those overseeing employee benefit programs. A breach in fiduciary duties, even unintentional, can result in significant financial implications.
Safeguarding Against Fiduciary Duty Breaches.
Company officers entrusted with these plans have a legal and ethical obligation to prioritize employees’ best interests. A seemingly minor misstep, like an unfavorable investment choice, can be construed as a breach.
A Defense Against ERISA-Related Claims.
Given the high stakes involved with employees’ retirement benefits, potential claims can amount to significant sums. Since general liability insurance often overlooks ERISA-related claims, our specialized fiduciary protection insurance becomes essential.
Defending Claims with Expertise.
Our policies not only cover claim defense costs but also offer access to seasoned attorneys well-versed in ERISA matters.
Ensure your company’s protection with fiduciary insurance tailored to your needs. Consult with our experts today!