Trustees of employee benefit plans have a duty to act in the best interests of their plan participants. They may even be held personally liable for the decisions they make. In today’s litigious environment, concerns about a benefits plan can quickly escalate into a lawsuit, which may cost millions of dollars to defend and settle. To help protect your company, fiduciaries, and the benefit plans they manage, Chubb provides Fiduciary Liability Coverage and has taken broad coverage to the next level with our new Fiduciary Liability Settlor Plus Endorsement.
With the Fiduciary Liability Settlor Plus Endorsement:
Up to $25 million
Our typical clients include public companies with employee benefit plans