Pension & Benefit Plan Fiduciary Liability Policy
Target: Trustees of public & private companies of all sizesFor public companies, The Hartford offers “stand-alone” Fiduciary Liability coverage to help protect ERISA fiduciaries from personal liability due to benefit plan losses as a result of alleged errors, omissions, or breach of their fiduciary duties.
In today’s regulatory environment, one of the biggest issues facing management involves actions they may take in their capacity as fiduciaries. Fiduciary liability insurance helps to protect fiduciaries against damages and defense costs arising from the administration and management of employee benefit and pension plans. Common claims allege ERISA violations, negligent advice, and careless plan management.