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Understanding Your Fiduciary Policy and Coverage

Jillian Otten - Thursday, June 30, 2016

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. 

Read more from Fiduciary Expert, Tina Fletcher, Vice President of Ullico Casualty Group Inc. regarding what to take into consideration when choosing a fiduciary liability policy. 
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