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Expert Fiduciary Liability Insurance Solutions from Our Agency

Managing employee benefit plans like retirement, health, or wellness programs is a big responsibility. If you're involved in setting them up, selecting investments, or monitoring fees, you’re legally considered fiduciary. ERISA holds fiduciaries personally accountable for any breaches, which means your own savings could be at stake not just your company’s.

Fiduciary Liability Insurance

  • Protect Against Lawsuits: Whether it’s from disgruntled retirees, regulatory agencies, or co-fiduciaries, lawsuits involving fee mismanagement, poor investment choices, or compliance errors do happen and they’re expensive.
  • Covers Both Defenses & Settlements: Policies typically cover legal defense costs and settlement or judgment payouts.
  • Safeguard in Case of Oversight: Even honest mistakes forgetting to remove underperforming funds, missing enrollment deadlines, or misfiling documents can open the door to litigation.

Fiduciary liability coverage is a must-have for:

  • Employers sponsoring 401(k), 403(b), pension, or healthcare benefit plans
  • Employees, trustees, or executives with decision-making authority
  • Organizations of all sizes public, private, nonprofit, or governmental

You’ve invested blood and sweat into your kitchen. Insurance is the safety net that keeps your dream alive when the unexpected strikes. With our Fort Wayne–focused expertise, you get:

  • Claims alleging misuse of plan assets or violations of fiduciary duty
  • Errors or omissions in plan administration
  • Civil fines, penalties, or regulatory investigations (DOL, IRS, PBGC)
  • Legal fees even if no settlement is reached

Don’t let an accident or equipment failure spoil your success build resilience into every service.

  • Settlement & Legal Fee Coverage: Ensure both defense costs and settlement/judgment amounts are included.
  • Settlor Protection (Plan Design): Plans evolve when you change eligibility rules, plan types, or other business-driven modifications, you want those decisions protected, too.
  • “Consent to Settle” Terms: Clarify whether you must agree to any settlement or if the insurer can settle on your behalf.
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