Get Instant Top Fiduciary Liability Quotes Now

If you're looking to safeguard your business while efficiently managing risks, you can browse options for instant top fiduciary liability quotes and discover the best protection for your needs.

Understanding Fiduciary Liability Insurance

Fiduciary liability insurance is a critical component for businesses that manage employee benefit plans, such as 401(k)s, pensions, and health insurance. This type of insurance protects fiduciaries—those who manage and oversee these plans—from claims of mismanagement. Without it, fiduciaries could face significant legal and financial consequences if accused of breaching their duties. The insurance covers legal defense costs, settlements, and judgments, ensuring that fiduciaries can perform their roles without the constant fear of personal liability.