Fiduciary Liability Insurance
Protecting those who manage employee benefit and pension plans from claims of mismanagement, breach of duty, or errors in plan administration.
Get Up to 10 QuotesWhat's Covered
- Breach of fiduciary duty in plan administration
- Errors in investment selection and monitoring
- Failure to properly enroll or inform participants
- Administrative errors in benefits processing
- Department of Labor investigations and audits
- Defense costs for plan trustees and fiduciaries
Who Needs This
- Companies offering 401(k) or pension plans
- Businesses with employee benefit committees
- Nonprofits and associations managing benefits
- Plan sponsors, trustees, and administrators
Why It Matters
Fiduciary Liability Insurance covers the personal liability of plan sponsors, trustees, and administrators who oversee employee benefit plans. Even well-intentioned decisions about investments, fees, or enrollments can trigger claims from participants or the Department of Labor—fiduciary coverage defends the people entrusted with your employees' retirement and welfare.
Key Benefits
- Defense of personal assets of plan fiduciaries
- Coverage for administrative errors and omissions
- Regulatory investigation defense
- Pairs with ERISA fidelity bonds for full protection
Who We Insure
Industries where fiduciary liability coverage carries the most weight, with the specific exposures each one faces.
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Get Up to 10 Quotes