Skip to main content

Fiduciary Liability Insurance

Comprehensive solutions that fit your needs.

Fiduciary liability insurance from a knowledgeable advisor.

Home » Business Insurance » Fiduciary Liability Insurance

Fiduciary liability insurance protects individuals acting as ERISA fiduciaries against fiduciary-related claims of mismanagement of a company’s employee benefit plan. We’ll work with you to ensure that employee benefits are handled responsibly and your trustees are protected.

Specific coverage for a specific financial risk.

Fiduciary liability insurance covers a very specific risk–and a potentially financially devastating one. The risk is breaching fiduciary duties, and it comes from the Employee Retirement Security Act of 1974 (ERISA), which governs many employee benefit schemes.

Mitigates risk from breach of fiduciary duties.

Officers of a company who oversee such schemes have fiduciary duties. This means that they are ethically and legally bound to act in the best interests of the employees, and can be sued if they breach this duty (even unintentionally). A breach of this duty could be as simple as making an investment decision for the plan that doesn’t work out well.

Covers claims relating to Employee Retirement Security Act of 1974.

ERISA means a fiduciary could be held financially responsible for making good any losses from their alleged mistakes or failings, and when you’re talking about a workforce’s retirement benefits, that can make for eye-watering figures. Many general liability insurance policies don’t cover claims relating to ERISA, so a specialist fiduciary liability policy is the best way to mitigate this risk.

Typically covers the costs of defending claims.

Policies usually cover the costs of defending claims and paying out any liability. Additionally, fiduciary liability insurance often includes access to expert lawyers who specialize in ERISA cases.

Our experts can help you obtain a fiduciary liability insurance policy that’s for your business. So, reach out today!

Fiduciary Liability Insurance - Partners Looking Over Numbers for Another Company

Get Started Today

As an independent agency, we are here to help you find the right Fiduciary Liability Insurance coverage.

Get a Quote

  Fiduciary Liability Insurance Quote Request

As an independent agency, we are here to help you find the right coverage.

  • Please do not include sensitive, private information in this area.
  • This field is for validation purposes and should be left unchanged.

Get a Quote

It only takes a minute to get started.

  • Fill out the form, we’ll be in touch.
  • Review options with an agent.
  • Get the coverage you need.

Would you rather discuss this in person? Get in touch with an agent today!