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.