Fiduciary Liability Insurance is a risk mitigation measure that can protect companies sponsoring employee benefit plans and their fiduciaries from damages because of alleged ‘wrongful acts’ or discrepancies in professional duty. Not only does ERISA compliance add to the complexity of managing these plans, but it also increases the chances of legal action being taken. Every company and fiduciary involved should factor in potential liability and defense costs when creating their risk management program, as Fiduciary Liability Insurance could serve as an effective solution.
Do you have questions about Fiduciary Liability Insurance?
To learn more about Fiduciary Liability Insurance, contact an insurance agent at Colorado West Insurance today. Don't forget that we represent several top-rated insurance companies as an independent insurance agency. You can count on us to find the right coverage at competitive premiums, whether you need business or auto insurance.