Fiduciary Liability Insurance

Fiduciary Liability Insurance can help organizations protect themselves against costly and damaging fiduciary-related errors. Depending on the policy purchased, coverage may include protection from claims alleging any breach of fiduciary duty resulting in financial loss to a plan such as mismanagement of plan assets or improper administration of the plans.

 

Fiduciary Liability Coverage Options

Some other types of coverage that may be included under Fiduciary Liability Insurance are defense costs for investigations by government agencies such as the IRS or Department of Labor, restitution for losses stemming from administrative mistakes, or reimbursement for pension income that was incorrectly paid. Additionally, coverage could extend to cyber liability exposures, including data privacy violations or unauthorized access to protected data.

These policies often provide worldwide coverage, meaning that they may cover claims brought against the organization outside of their local jurisdiction. This means that companies can protect themselves from potential financial loss stemming from actions taken by third-party vendors or plan administrators who are located overseas.

If an organization is found liable for losses incurred in a fiduciary capacity, Fiduciary Liability Insurance offers them protection against the costs associated with defending a claim and any potential judgments or settlements. As such, this type of insurance provides valuable peace of mind to organizations, helping them ensure that their finances remain secure even in the face of legal action. Having this coverage in place helps organizations avoid the risk of bearing the full cost of a judgment due to negligence or misconduct on their part.

Free Fiduciary Liability Consultation

Overall, Fiduciary Liability Insurance is a valuable tool for organizations looking to protect themselves against potential financial losses due to errors or mismanagement in their fiduciary duties. If you require further assistance establishing your policy or if you have questions you’d like answered, contact us via phone or the quote button – remember, consultations are always free.

What they say about us...

The team at Lehigh Partners have always gone above and beyond for me! They are vital members of my team! I have referred many of my colleagues and borrower clients to them over the years and will continue to do so!
Shaun Magner
Shaun Magner
Great customer service and very responsive. I would recommend this company to friends and family without a hesitation.
Lynne Kounoupis
Lynne Kounoupis
Professional group of people with the best rates out there!
Jared Costa
Jared Costa
Ryan and his team are incredibly responsive. They have always gone above and beyond for us.
Brick & Mortar Investments
Brick & Mortar Investments
Very knowledgeable staff and great service!
Jonas Beiler
Jonas Beiler
I use Ryan for everything related to insurance, been wonderful to work with for the more complex situations. I do wish more of the paperwork would be automated though (like docusign) and insurance payments auto-pay options.
Andrew Mickley
Andrew Mickley
I’ve work with Ryan Daubert Agency (Daubert Shannon Associates) for over 5 years. They help me reduce my insurance cost while at the same time increasing my coverages. I love the idea of working closely with local Bethlehem area companies and I’ve not been disappointed yet. I send all my local startup business associates to them for business, home and auto insurance needs.
Santiago Rivera
Santiago Rivera
Highly recommend for variety of insurances. As a realtor, dealing with 80% investors, I always sent my clients to get quotes from Lehigh Partners. They provide quick service and competitive prices.
Kristine McCreary Williams
Kristine McCreary Williams
Very helpful and in a timely manner!
Ryan Sensenig
Ryan Sensenig
Highly recommended!!
Md Hasan
Md Hasan
js_loader

"*" indicates required fields

700 Evans Street, Bethlehem, PA 18015