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Why You Need Fiduciary Liability Insurance

The Employee Retirement Income Security Act (ERISA) imposes strict responsibilities on fiduciaries, requiring them to act in the best interests of plan participants. Even with the best intentions, fiduciaries can face allegations of errors or omissions. Such claims can arise from administrative errors, poor investment decisions, or conflicts of interest. With fiduciary liability insurance, you are protected against these risks, allowing you to focus on managing your employee benefits effectively.