Protect Your Assets: Trustee & Fiduciary Liability Insurance

Will every decision stand up under critical light?

Millions of employees and their families depend for their futures upon decisions made by these guardians of pension and welfare plans. Trustees and fiduciaries now find themselves increasingly subject to criticism from all directions. Beneficiaries, employers and regulatory agencies can allege, among other charges:

• Breach of duty
• Too little return or too much risk in investment of assets
• Imprudent choice of investment or advisory firms
• Not enough contributions or too much contribution
• Improper assessment of future vested liabilities

The W.E. Davis Insurance Agency can offer plans that protect trustees and fiduciaries against such allegations of wrongful acts. Employee benefits administration liability coverage is also included under the policy’s aggregate amount. This protects directors, officers and employees of the sponsor in the day-to-day administration of all employee benefit plans.

Our agency can explain the importance of policy features designed to meet your needs:

• The sponsor is included as a named insured.
• Coverage applies on a claims-made basis. A 12-month extended discovery right is available for a small additional premium.
• You can have $500,000 or more of coverage. Defense costs and other expenses are included.
• You are automatically covered for future plans up to 60 days after inception.