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:
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
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 LiabilityBegin Application
Required forms
Fiduciary Liability Supplemental Application (PDF)Want to save and finish later? Complete it online
Download, complete and email to quote@societiesinsurance.com, or attach it with your quote request.
Prefer to talk?
- Toll-Free: 800-616-3490
- East Coast: 706-550-4418
- West Coast: 206-755-0101
- info@societiesinsurance.com
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Mon-Fri 8:00am - 6:00pm
Sat 9:00am - 12:00pm