Plan Sponsors and Fiduciaries at Risk for Litigation
If you oversee your company’s profit sharing, 401(k) plan, or qualified pension you can be held personally liable for losses to the plan as a result of an error or breach in the performance of your duties. Although retirement plans are often the first considered, Fiduciary Liability Insurance (FLI) typically cover any employee benefit plan the subject of ERISA oversight.
Advanced Insurance Underwriters specializes in advising our clients about this risk and protecting their personal assets from fiduciary-related claims. We understand the exposures that can instigate a potential lawsuit and will help protect you with an insurance program in the event of litigation.