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Guide to Fiduciary Liability Insurance


Guide to Fiduciary Liability Insurance
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Financial advisor meeting with her client in trendy cafe
Acting as a fiduciary is a huge responsibility. It means you promise to act on behalf and in the best interest of another person or multiple people. The more people who have placed their trust in you, the greater your responsibility.
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Of course, with great responsibility comes the threat of liability.
The Employment Retirement Income Security Act of 1974, or ERISA, holds benefit plan sponsors and their trustees or fiduciaries personally liable for losses to the company s benefit plan if they breach their fiduciary duties. ....

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