Fiduciary Liability Insurance is a specialized form of liability insurance designed to protect individuals and organizations responsible for managing employee benefit plans, such as retirement and health plans, from legal claims related to breaches of fiduciary duty.
This insurance is essential for anyone who has a fiduciary responsibility, as it shields them from the financial risks associated with alleged mismanagement, errors, or omissions in the administration of these plans. Fiduciary Liability Insurance helps safeguard against costly legal battles, ensuring that fiduciaries can fulfill their duties without the constant fear of personal financial loss.
