Fiduciary Liability

Fiduciary Liability Insurance is designed to protect insured’s against claims alleging the breach of their fiduciary duty under the Employee Retirement Income Security Act of 1974 (ERISA) and errors in the administration of an employee benefit plan. Fiduciaries can be held personally liable for losses to a benefit plan incurred as a result of their alleged errors or omissions or breach of their fiduciary duties. By sponsoring a retirement plan, such as a defined contribution plan or 401(k), profit-sharing plan or employee stock option plan (ESOP), defined benefit plan, or welfare plans such as health or accident plans, a private company may need protection against errors in plan administration and breaches of duty under ERISA.

With access to all top specialty markets and carriers, JenCap’s nationwide stable of companies will help you provide your clients with Fiduciary Liability Coverage that mitigates financial risks when a lawsuit is filed.

We offer this coverage for the following industries and classes:

  • Technology, Media & Telecom
  • Retail & Wholesale
  • Pharmaceutical & Healthcare
  • Manufacturing
  • Professional Services
  • Financial Services
  • Construction
  • Business Services
  • Municipalities
  • Nonprofit & Social Service
  • Transport, Distribution & Logistics
  • Hospitality
  • Real Estate
  • Energy

This product offers the following features:

Coverage Highlights

  • Coverage included for alleged violations of ERISA, HIPAA, and COBRA
  • Insured includes trustees, administrators, and employees
  • Coverage is available for third-party service providers
  • Defense cost in addition to limit available
  • Broad definition of claims and loss

Thrift Store, Shelter, and Transitional Housing

  • Located in Washington
  • Package & Umbrella
  • Premium of $91,000

Credit Monitoring Firm

  • Located in New York
  • Technology & Cyber Liability
  • Premium of $23,571

General Contractor

  • Located in New Jersey
  • General Liability
  • Premium of $59,908

Beverage Manufacturer

  • Located in Georgia
  • General Liability
  • Premium of $33,571

Tract Home Builder

  • Located in Pennsylvania
  • General Liability
  • Premium of $13,708

Boys & Girls Club

  • Located in California
  • Package & Umbrella
  • Premium of $38,438

This product is available in available in: