Fiduciary Liability Insurance
Fiduciary liability insurance protects fiduciaries (as defined by ERISA) against loss (damages and defense costs) arising from the administration and management of employee benefit and pension plans. Common claims allege ERISA violations, negligent advice, careless plan management, and errors and omissions. We offer coverage on both a primary and an excess basis. Feel free to review the links on the right for additional ways that this product can protect you and your business.
CNA's Fiduciary Liability Insurance Covers:
- Breach of fiduciary duties under ERISA and similar statutes
- Negligent errors and omissions
- Improper disclosures to plan participants
- Remiss investment strategies
- Imprudent choice of insurance company, mutual fund or third party service provider
- Faulty advice or counsel
- Improper amendments to plan documents
One or more of the CNA companies provide the products and/or service described. The Information is intended to present a general overview for illustrative purposes only. It is not intended to substitute for the guidance of retained legal or other professional advisors or to constitute a binding contract. Please remember that only the relevant insurance policy can provide the actual terms, coverages, amounts, conditions and exclusions for an insured. All products and services may not be available in all states and may be subject to change without notice. CNA is a service mark registered with the United States Patent and Trademark Office. Copyright 2011 CNA. All rights reserved.