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Fiduciary Liability Insurance Solutions
Chubb Specialty Insurance
Trustees of employee benefit plans are expected to act in the best interests of the plan participants. If this duty is compromised,
either intentionally or unintentionally, trustees can be held personally liable. In today's litigious society, people who
perceive they have been wronged react with lawsuits that can cost millions of dollars to defend and settle. This makes fiduciaries
potential lightning rods of liability, particularly in light of the amount of money held in retirement plans today, and the
valuable protection those plans afford to their participants. Fiduciaries can be held personally liable for losses to a benefit
plan incurred as a result of alleged errors, omissions, or breach of their fiduciary duties.
Understanding the need to help protect companies, their fiduciaries, and the benefit plans they manage against fiduciary liability
claims, Chubb offers Fiduciary Liability Insurance coverage. Protection from Chubb is available for a wide range of public,
private and not-for-profit organizations.
Fiduciary Liability Resource Centre: