Fiduciaries of employee benefit plans have a duty to act in the best interests of their plan participants. They may even be held personally liable for the decisions they make in managing or operating a plan, including making investment decisions and benefit determinations. In today’s litigious environment, concerns about a benefit plan can quickly escalate into a lawsuit, which could cost millions of dollars to defend and settle. Chubb developed Executive Protection Portfolio℠ Fiduciary Liability Insurance to specifically address the unique exposures faced by plan fiduciaries in publicly-traded companies.
Trustees of employee benefit plans have a duty to act in the best interests of their plan participants. In today’s litigious environment, concerns about a benefits plan can quickly escalate into a lawsuit, which may cost your organizations millions of dollars to defend and settle.
Download Chubb’s Fiduciary Liability educational materials to find out more about industry trends, loss scenarios, and frequently asked questions.