Fiduciary Liability Insurance (FLI) protects plan sponsors.
Although an ERISA fidelity bond covers the participants of your plan, it does not cover YOU as the fiduciary from personal liability. Fiduciary liability insurance gives you peace of mind that your personal assets are protected from a breach of responsibility in the administration or handling of an employee benefit plan.
Watch our video to learn more about why you need this critical coverage.
It’s alarming how many fiduciaries do not understand the extraordinary risks they hold every day. With our fiduciary liability insurance, you’re covered for defense costs and penalty limits up to $1,000,000.
Fiduciary Liability Insurance is available as part of an ERISA bond package.
We currently offer fiduciary liability insurance with our ERISA bond packages, which provide a greater level of protection and overall value. Two and three year packages also include cyber liability insurance — to safeguard plan assets and your company against a loss due to cyber attack.