Fiduciary Liability Insurance

Employee benefit programs, including retirement plans, are intended to help employers attract and retain a high-quality workforce.

For employers, the benefits of offering retirement plan must be weighed against the complexities and legal obligations that come with running such a program. The rules governing employee benefits plans are established under the Employee Retirement Income Security Act (ERISA) of 1974. 

Employee retirement plan sponsors and fiduciaries can be exposed to significant liabilities – even personal liabilities can exist -- if they breach their fiduciary obligations. Fiduciary liability insurance helps to protect a person or entity against claims alleging breach of fiduciary duties or errors in the administration of a company’s employee retirement plan, as required by ERISA. 

We can help you design coverage to protect your fiduciaries and business.