Fiduciary liability insurance is constantly evolving to keep up with new laws and outcomes under ERISA. In a fiduciary liability policy, an insurance company agrees to reimburse a benefit fund or other claimant for losses caused by violations of ERISA fiduciary duties or errors by the fund's trustees or other fiduciaries. It is important that you have a broker like Union Services Agency that keeps up with the constantly evolving changes in the fiduciary liability marketplace.
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