Fiduciary Liability

This provides financial protection of fiduciaries of employee benefit plans against legal liability.

Main Coverages:

• Cost of defending claims resulting from improper advice or disclosure
• Imprudent investment diversity
• Inappropriate selection of advisors or service providers
• Lack of investment diversity
• Breach of responsibilities or fiduciary duties imposed by ERISA
• Negligence in the administration of a plan
• Conflict of interest with regard to investments