Fiduciary Liability

Trustees and fiduciaries are far more accountable for their actions when managing employee benefit plans than ever before. A breach of responsibilities can result in a loss to their personal assets as well as those of the corporations they represent.

Highlights

  • Financial capacity up to US$25 million per policy
  • Primary or excess

Target Insureds

  • Fiduciaries
  • Employee benefit plans
  • Pension trustees

Summary of Coverage

In today’s environment, trustees and fiduciaries are governed by statutes that regulate the administration of benefit plans, as well as the laws generally applicable to trustees. Consequently, non-compliance can lead to personal liability for breach of responsibilities – risking a loss to their personal assets as well as those of the corporations they represent.

  • The scale of potential claims has risen dramatically, stemming from allegations such as

  • Breach of fiduciary responsibilities imposed by local statutes
  • Improper advice or disclosure
  • Negligence in the administration of a plan
  • Potential discrimination in the management / administration of a plan

We provide fiduciary liability insurance that covers:

  • Fiduciaries
  • Employee benefit plans
  • Pension trustees
  • Corporate trustee companies and their subsidiaries
  • Sponsor / employer companies
  • Personnel involved in the administration of pension plans

Why Tokio Marine HCC?

Tokio Marine HCC is a leading specialty insurance group with offices in the United States, the United Kingdom, Spain and Ireland, transacting business in approximately 180 countries and underwriting more than 100 classes of specialty insurance. Our products and capabilities set the standard for the industry, and many of our almost 3,000 employees are industry-leading experts. Each of our highly entrepreneurial businesses are equipped to underwrite special situations, companies and individuals, and acts autonomously to deliver effective solutions. 
Our financial strength ensures our clients will always be protected.

Our financial strength ensures our clients will always be protected.

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Tokio Marine HCC Product Breadth

Our holistic portfolio of products includes more than 100 classes of specialty insurance

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Tokio Marine HCC is part of Tokio Marine, a $31 billion company.

Tokio Marine HCC is part of Tokio Marine, a $31 billion company

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