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Fiduciary Liability Insurance - Let us find your best coverage - protection for benefit plan fiduciaries

Anyone who manages a 401(k), pension or health plan is personally liable for mistakes in investment choices, fees and administration. Carriers look at plan assets, fees and service providers. Send us a few details and we will shop 50+ carriers for your best rate – no cost, no obligation. Prefer to talk? Call 800-616-3490.

Fiduciary Liability Quote Request

Applicant Information:

Business Structure (Optional - choose one)

Have these handy

  • Plan names and total assets
  • Form 5500 for each plan
  • Recordkeeper and investment advisor names
  • Investment committee charter or minutes

Related coverage

Coverage details

What Fiduciary Liability coverage includes

Anyone who manages a 401(k), pension or health plan is personally liable for mistakes in investment choices, fees and administration.

  • Breach of fiduciary duty - Claims over imprudent investments or excessive plan fees.
  • Administrative errors - Mistakes in enrollment, eligibility or benefit calculations.
  • Personal liability - Protects trustees and committee members personally.
  • Regulatory penalties - Some DOL and IRS penalties and voluntary correction fees.
  • Defense costs - Attorney fees for participant and DOL actions.

Good to know: fiduciary liability is not the same as the ERISA fidelity bond the law requires – you usually need both, and many carriers write them together.

Not covered: theft of plan assets (covered by an ERISA bond), benefits owed under the plan, and failure to fund the plan.

Insurance Application:

Fiduciary Liability

Required forms

Fiduciary Liability Supplemental Application (PDF)

Download, complete and email to info@societiesinsurance.com, or attach it with your quote request.

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