Скачать или смотреть What Is Fiduciary Liability Coverage? - AssetsandOpportunity.org

What Is Fiduciary Liability Coverage? In this informative video, we will discuss fiduciary liability coverage and its importance for those managing employee benefit plans. This type of insurance is designed to protect individuals and companies from financial losses due to claims of mismanagement, errors, or omissions in the administration of these plans. We will outline how fiduciary liability insurance can safeguard you against potential legal challenges that may arise from your duties, such as poor investment advice or mishandling of retirement funds.

Additionally, we will explain the various types of claims covered by this insurance, including allegations of misconduct and errors in administration. Understanding the customizable nature of fiduciary liability coverage and how it operates on a claims-made basis is essential for anyone involved in employee benefit plan management. We will also touch on the specific protections that may be included, such as anti-clawback protection and coverage for penalties related to health care reform and HIPAA.

If you are responsible for managing an employee benefit plan, gaining knowledge about fiduciary liability coverage is vital for protecting yourself and your organization from costly claims. Join us for this essential discussion, and subscribe to our channel for more useful information on insurance and financial risk management.

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