Specialty Fiduciary Insurance Coverages to Meet Evolving Needs
In today’s regulatory environment, one of the biggest issues facing management involves actions they may take in their capacity as fiduciaries. Fiduciary liability insurance provides coverage for claims alleging a breach of fiduciary duty as defined by the Employee Retirement Income Security Act of 1974 (ERISA). ERISA is a federal law that was created to help protect the interests of pension and employee benefit plan beneficiaries.
Common claims allege:
- ERISA violations
- Negligent advice
- Careless plan management