Fiduciary Liability Insurance
Managing employee benefit plans like retirement funds and health insurance comes with significant responsibility—and personal liability. Fiduciary liability insurance protects businesses, directors, officers, trustees, and employees from claims of mismanagement, errors, or breaches of fiduciary duty tied to benefit plan administration.
At V SNAP INSURANCE SERVICES LLC, we help fiduciaries stay protected in an increasingly complex regulatory environment.
Key Benefits of Fiduciary Liability Insurance
Protection for Fiduciaries – Shields directors, officers, trustees, and employees from personal liability.
Coverage for Plan Management Errors – Includes mistakes in benefit administration or investment decisions.
Legal Defense Costs – Covers attorney fees, court expenses, and settlements—even for unfounded claims.
Breach of Fiduciary Duty – Protection for allegations of negligence, conflicts of interest, or poor investment choices.
ERISA Compliance – Covers claims and penalties tied to Employee Retirement Income Security Act (ERISA) violations.
Benefit Plan Failures – Coverage for errors in retirement, health, or other employee benefit plans.
Reputation Protection – Helps safeguard your business and leadership team’s credibility.
Why Your Business Needs It
Rising Lawsuits – Employee benefit-related claims are increasing across all industries.
Personal Liability Protection – Without coverage, fiduciaries’ personal assets may be at risk.
Regulatory Complexity – Evolving compliance requirements create more opportunities for errors.
Peace of Mind – Allows fiduciaries to focus on managing plans responsibly and confidently.
At V SNAP INSURANCE SERVICES LLC, we work with top-rated carriers to provide fiduciary liability insurance that protects your business and leadership team from costly risks.