Fiduciary Liability Insurance
Overview
Fiduciary Liability protects against the errors and omissions of trustees, employers, fiduciaries in the administration of employee benefit programs as imposed by the Employee Retirement Income Security Act (ERISA). The insured’s duty to act in the interest of plan participants creates a potential liability creating the need for Fiduciary Liability coverage.
Product Limits
$500,000 - $15,000,000
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Stand-alone or Shared Limit options
Carriers
AM Best "A" rated carriers
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Admitted
Territories
Available in all states
Submit Fiduciary Liability easily with Novum Online
Highlights
Defense Costs and Personal Indemnity for Fiduciaries
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Any actual or alleged breach of fiduciary duty or responsibilities imposed by ERISA, COBRA, HIPAA, or similar federal, state, or local laws
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Stand-alone or Modular Policy Option
Target Businesses
Private Companies
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Public Companies
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Not-For-Profit Organizations