You, as a trustee of an employee benefit plans are expected to act in the best interest of your plan participants. If this duty is compromised, you 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. Chubb offers Fiduciary Liability Insurance coverage, understanding the need to help protect your company, fiduciaries, and the benefit plans you manage against liability claims.
Public or private financial institutions with employee benefit plans