Fiduciary Liability Insurance & ERISA
The 1974 Employee Retirement Income Security Act (ERISA) established broad guidelines for fiduciary responsibilities. Every entity and individual who creates and manages pension and benefit plans, including profit-sharing programs, 401(k)s, medical and life insurance benefits, scholarship plans, and prepaid legal plans is exposed to a fiduciary claim.
The types of claims brought against the Fiduciary Liability Insurance Policies include those produced by:
- Mergers/Terminations of operations
- Negligence
- Plan disclosures
- Imprudent investment of assets
- Failure to pursue delinquent contributions
- Various miscellaneous allegations
- Failure to provide due diligence
We offer standalone Fiduciary Liability Insurance policies as well as Directors & Officers Insurance package policies which include the Fiduciary Liability Insurance Coverage.
