Ramolak19
Verified member
Anyway fiduciary liability insurance typically falls under a specialized policy known as fiduciary liability insurance or employee benefits liability insurance. This coverage is designed to protect fiduciaries, such as employers or plan administrators, from liabilities related to the management of employee benefit plans, including retirement plans like 401(k) or pension plans.
Fiduciary liability insurance helps safeguard against claims of mismanagement, errors, breach of fiduciary duties, or omissions in the administration of employee benefit plans. It can cover legal defense costs, settlements, and judgments. It's important for businesses that offer employee benefit plans to consider obtaining fiduciary liability insurance to mitigate the potential financial risks associated with such plans. But I will still need other people opinion
Fiduciary liability insurance helps safeguard against claims of mismanagement, errors, breach of fiduciary duties, or omissions in the administration of employee benefit plans. It can cover legal defense costs, settlements, and judgments. It's important for businesses that offer employee benefit plans to consider obtaining fiduciary liability insurance to mitigate the potential financial risks associated with such plans. But I will still need other people opinion
