Fiduciary Liability

Your trustees can have personal liability in this area. This is happening even on 401K plans that have the investment decisions made totally by the participant. This policy provides financial protection to the corporation and personal financial protection to the trustees of an employee benefit plan for claims alleging violations of ERISA and administrative errors or omissions. Claimants include plan participants, beneficiaries, and regulatory agencies. Your general liability policy does not cover this exposure.

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