Did you know as a trustee you have your personal assets at risk? We can help you protect your business against risks and exposures with fiduciary liability coverage!
If your business grants or manages benefits, you are considered a fiduciary. This means that, in addition to your business’s general liability insurance, you need the proper fiduciary liability insurance!
The Employee Retirement Income Security Act of 1974 requires that all fiduciaries are subject to federal and state regulation. Though you would never plan to have a fiduciary liability issue, a fiduciary liability insurance policy will allow your business to plan ahead, and can ensure that you will be protected if a situation arose. The policy will typically provide coverage up to a set limit for both damages and legal fees.
To learn more about the fiduciary liability issues your business faces, speak to one of the friendly and knowledgeable agents at Zande Group.