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Fiduciaries of employee benefit plans are expected to act in the best interests of the plan participants. Under the Employee
Retirement Income Security Act of 1974 (ERISA), if this duty is compromised, either intentionally or unintentionally, fiduciaries
can be held personally liable for losses. Any employee who has discretionary authority over a plan or who assists in its administration can be a fiduciary and thus
be exposed to liability.
Health care organizations can reduce the liability exposure to their fiduciaries by employing good loss prevention procedures,
such as seeking and following the advice of independent experts; selecting diverse, financially sound investments; and so
on. However, they cannot entirely eliminate their fiduciary’s personal liability.
In order to help protect health care organizations, their fiduciaries, and the benefit plans they manage from fiduciary liability
claims, Chubb offers Health CarePortfolio Fiduciary Liability Insurance coverage.
When an organization purchases Health Care Portfolio Fiduciary Liability Insurance from Chubb, it buys tailored coverage that
is backed by in-depth knowledge of the health care industry, unparalleled risk management services, superior claim handling, and financial strength.
Health Care Portfolio Fiduciary Liability Insurance is the quality insurance solution for health care organizations.
To view other Health Care Portfolio coverages, please select these items: