Click here to view the key Fiduciary findings from the 2010 Chubb Private Company Risk Survey.
A plan participant sues the company and its managers alleging an error in the calculation of the company's benefits. How will
your insurance protection respond?
Under the Employee Retirement Income Security Act of 1974, fiduciaries can be held personally liable for losses to a benefit
plan incurred as a result of their alleged errors, omissions, or breach of their fiduciary duties. By accessing the advice
of experts and choosing quality, diverse investments, fiduciaries can mitigate their exposures to personal liability, but
not eliminate them.
Lawsuits against a privately owned company, its fiduciaries, and its plans can be brought by a host of parties, including
plan participants (employees) and their legal estates, as well as the Department of Labor and the Pension Benefit Guarantee
Corporation.
In order to help protect privately owned companies, their fiduciaries, and their benefit plans, Chubb offers ForeFront Portfolio 3.0SM Fiduciary Liability Insurance.
To learn more, view our Fiduciary Liability video vignette:
To view other ForeFront Portfolio 3.0 coverages, please select one of these items:
