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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

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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

Territories

Available in all states

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Submit Fiduciary Liability easily with Novum Online

Target Businesses

Private Companies

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Public Companies

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Not-For-Profit Organizations

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