Fiduciary Liability

Any member of an organization who is involved in managing employee pensions, savings, profit-sharing, benefits, and welfare plans are considered "Fiduciaries." These individuals can be held liable if they breach or neglect their fiduciary duties.

How can this benefit your organization?

  • Protects fiduciaries against legal liability for claims arising out of their roles.
  • Protection from common claims including:
    • administrative error
    • wrongful termination of a plan
    • improper advice
    • conflicts of interest
  • Provides specialty coverage that is not provided by Directors and Officers coverage, or by Employee Benefits Liability Coverage.

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