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

Directors & Officers (D&O)

Comprehensive D&O insurance programs so that corporate leaders can proceed confidently with their business visions.

Diversified Financial Products

We offer a suite products specially suited for private equity firms.

Financial Institutions Bond and Commercial Crime

Protect your organization against criminal actions committed by dishonest employees and/or third parties.

Why Tokio Marine HCC?

Tokio Marine HCC is a leading specialty insurance group with offices in the United States, Mexico, the United Kingdom and Europe, 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.