Fiduciary Liability Insurance (FLI) protects plan sponsors.
Although an ERISA 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.
Covers actual and alleged breaches of duty.
Fiduciary Liability Insurance protects you from the substantial legal costs required to defend against fiduciary liability claims, and provides indemnity in connection with settlements and judgments. It provides coverage for defense costs, legal fees, and penalties if you’re sued for fiduciary decisions made for an employee benefit plan.
Know the financial risks you face.
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. Watch our video to learn more about why you need this critical coverage.
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.