Fiduciary Liability

The 1974 Employee Retirement Income Security Act (ERISA) established broad guidelines for fiduciary responsibilities. Every entity and individual who creates and manages pension and benefit plans, including profit-sharing, 401(k)s, medical and life insurance benefits, scholarship plans, and prepaid legal plans is exposed to a fiduciary claim.

The types of claims brought against the fiduciaries include those produced by:

• Mergers/Terminations of operations • Imprudent investment of assets
• Negligence • Failure to pursue delinquent contributions
• Plan disclosures • Various miscellaneous allegations

We offer stand alone fiduciary policies as well as Directors & Officers package policies which include the fiduciary coverage.

For more information, please do not hesitate to call one of our experienced staff members.

 


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“Serving Your Specialty Risk Needs Since 1989”
2551 North Clark Street, Suite 601, Chicago, Illinois 60614      Phone (773) 328-0500      Facsimile (773) 328-0508