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Fiduciary Liability Insurance

Don't leave any aspect of your financial well-being to chance; protect yourself with the right insurance coverage for all your needs.

Fiduciary Liability Insurance

Mistakes can happen, even with the best intentions. But with Fiduciary Liability Insurance, you can safeguard your business and reputation against claims of mismanagement and breach of fiduciary duty.
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Fiduciary Liability Insurance

As a business owner or employer, you have a fiduciary duty to act in your employees' best interests when managing their retirement plans and other benefits.

However, mistakes can happen, and even the best intentions can lead to unexpected legal challenges. Fiduciary Liability Insurance protects your business and employees against claims of mismanagement or breach of fiduciary duty.

Our Insurance Agency offers Fiduciary Liability Insurance to help protect your business and employees from potential legal and financial consequences.

Our policies provide coverage for a variety of claims, including

Alleged breaches of fiduciary duty


Negligent advice or mismanagement of employee benefit plans


Improper selection or monitoring of investment options


Misuse of plan assets


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Error in administering plans
Error in counseling
Poor/Negligent advice
Making risky investments
Imprudent selection of service providers

Error in administering plans coverage

Risk Factors

Your fiduciary makes an error in administering plans, such as improper enrolment or terminations, resulting in lost or incorrect benefits and your company needs to pay for it.

Solution

Fiduciary liability insurance can be taken to reimburse for the lawsuit & other expenses.

Error in counseling coverage

Risk Factors

Your fiduciary makes an error in counseling when administering health or welfare plans, resulting in lost or incorrect benefits.

Solution

Fiduciary liability insurance can be taken to reimburse the losses incurred.

Poor/Negligent advice coverage

Risk Factors

Your fiduciary gives poor or negligent advice on investing in employees’ retirement plans, resulting in a business loss.

Solution

Fiduciary liability insurance can be taken to reimburse the losses incurred.

Making risky investments coverage

Risk Factors

Your fiduciary may make risky investments with negligence and end up making a loss.

Solution

Fiduciary liability insurance can be taken to reimburse the losses incurred.

Imprudent selection of service providers coverage

Risk Factors

Your fiduciary may end up selecting or monitoring a service provider by being imprudent.

Solution

Fiduciary liability insurance can be taken to reimburse for the lawsuit & other expenses.

Our experienced agents will work with you to assess your business's unique needs and develop a policy that provides comprehensive coverage. In addition, we offer flexible coverage options, including standalone policies and endorsements to existing policies.

In addition to providing coverage, our team at our Insurance Agency is dedicated to helping our clients mitigate risk and prevent claims before they happen. In addition, we offer resources and tools to help you stay up-to-date with regulatory changes and best practices for managing employee benefits and retirement plans.

Don't expose your business and employees to potential legal and financial risks. Contact us today to learn more about our Fiduciary Liability Insurance policies and how we can help protect your business and employees.

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