Fiduciaries of all types of employee benefit plans are increasingly being held accountable for their actions in operating and administering these plans. Chubb’s comprehensive solution is designed specifically to help protect your fiduciaries and the benefits plans you manage.
Fiduciaries of employee benefit plans have a duty to act in the best interests of their plan participants. Chubb’s Fiduciary Liability insurance provides coverage for plan fiduciaries of companies who may even be held personally liable for the decisions they make in managing or operating a plan, including making investment decisions and benefit determinations.
In such a rapidly evolving legal landscape, the responsibilities that trustees carry can be daunting. Chubb customizes fiduciary liability coverage to fit the unique needs of trustees manage multiemployer health, welfare, and pension trust plans.