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Fiduciary Liability Insurance

Protection against the legal liability arising from claims relating to negligence in the oversight or management of others’ money or assets that are under the control of the insured.

Fiduciary Liability Insurance

Fiduciaries handle management or selection of retirement plans, health plans, life insurance and disability plans, and other employee benefits. There has been a spike in the severity and frequency of fiduciary claims over the past several years. In fact, plan fiduciaries today now surpass the medical profession as a most wanted target for litigation.

PL Risk Advisors can provide you with access to Fiduciary Liability insurance, which protects the insured against allegations that the fiduciary – the money or benefits handler – has breached their duty. The accusation can focus on an error or negligence in administering a plan, including but not necessarily limited to misinterpretation of plan documents, providing imprudent investment options to plan participants, misrepresenting investments, mishandling enrollment paperwork and giving bad advice or faulty instructions to participants.

For more information on Fiduciary Liability Insurance, please fill out this form. We look forward to working with you.

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Why Partner with PL Risk?

PL Risk works with dozens of top-rated carriers across 43 states while staying up to date on the latest products and exposures for a variety of industries. If you're not sure where to go with a submission that lands on your desk, lean on our resources and we'll navigate the options and complexities of the policy.

  • Fast Turnaround
  • Solutions for Claims History and Hard-to-Place Risk
  • Wide Market Presence
  • Coverage Comparisons Available
  • Over 50 Years of Combined Experience

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