Fiduciary Liability Insurance

If your company sponsors a retirement or health plan for employees, and if you are involved in any way with the management of that plan, you are likely considered a fiduciary.  Under ERISA law, fiduciaries can be held personally liable for a breach of fiduciary duties.  As a fiduciary, it is your job to select advisors and investments, minimize expenses and follow plan documents exactly. You have a duty to act solely in the interest of plan participants and beneficiaries - not the company.   That is a lot of responsibility and it comes with potential liability that requires the right protection.

Travelers Knows Fiduciary Liability

For many employers, offering an employee benefit plan is a way to attract and retain workers. But this will mean nothing if your business is faced with staggering litigation costs. In addition the individual fiduciary can be held personally liable and their assets may also be at risk if they do not carry out their obligations. That is why Fiduciary Liability coverage is important for the well-being of any company and its fiduciaries.
 
Travelers helps businesses understand and demystify Fiduciary Liability insurance.

Who is this right for?

• Financial Institutions
• Nonprofit Organizations
• Private Companies
• Public Companies

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