Business Insurance
Fiduciary Liability
Protects plan administrators from claims alleging mismanagement of employee benefit plans.
Get a Quote*General coverage descriptions listed below are intended as educational overviews and may not reflect the specific terms of any policy placed by Rampart Risk Advisors LLC. Coverages often vary by carrier and the risk profile of each individual business. Always refer to your policy to determine what exposures, perils, or claims are covered.
What’s Generally* Covered
- Claims alleging breach of fiduciary duty in administering employee benefit plans
- Errors in plan administration, including eligibility, contributions, and distributions
- Improper investment decisions or failure to monitor plan investments
- Failure to follow ERISA or other regulatory requirements governing benefit plans
- Legal defense costs for fiduciaries named personally in lawsuits
- Regulatory investigations and settlements involving plan mismanagement
Who It's For
- Companies that sponsor 401(k), pension, health, or other employee benefit plans
- Plan administrators, trustees, and committee members with fiduciary responsibilities
- HR leaders and executives involved in benefit plan decisions
- Organizations that want to separate fiduciary coverage from their D&O or EPLI policies