How would your insurance respond if a plan participant sued your company and your managers alleging an error in the calculation of your company’s benefits? As a fiduciary, you can be held personally liable for losses to a benefit plan incurred as a result of an alleged error, omission or breach of fiduciary duty. This policy is designed to help protect your privately owned company, its fiduciaries and your benefit plans.
Fiduciary Liability Insurance
- Coverage includes wrongful denial or improper change in benefits, error or omission in plan administration, and more
- Insures the company, executives, employees, and the employee benefit plans
- Private company underwriters are experienced in a broad spectrum of industries