Safeguard 401k Plans With Smart Liability Coverage Now
Key Benefits of Liability Coverage
One of the primary benefits of liability coverage is the protection it offers against fiduciary breaches. This coverage can shield you from claims of mismanagement, errors, or omissions in the administration of the plan. Additionally, it can cover the costs of legal defense and any settlements or judgments that may arise from such claims2. By reducing the financial burden associated with potential lawsuits, liability coverage allows you to focus on managing the plan effectively without the constant worry of personal exposure.