Fiduciaries can be held personally liable for losses to a benefit plan incurred as a result of their alleged errors, omissions, or breach of their fiduciary duties. And designated fiduciaries may not be the only targets of such lawsuits – the employer or even the plan itself can be targeted. This policy was designed specifically to help protect your not-for-profit organization, your fiduciaries and the benefits plans you manage.
Coverage Highlights
- Provides protection when your not-for-profit organization and its plan fiduciaries are sued for a breach in fiduciary duty
- Covers exposures resulting from the administration and management of employee benefit plans
- Broad, flexible coverage
- Chubb’s unparalleled expertise
- Quality service and claims handling
