Fiduciary Liability Insurance
Protect your company’s benefit plans and the people who oversee them.
Legislation, litigation, and economics are shifting the landscape for companies that provide 401(k), pension, or welfare plans for employees. AIG’s fiduciary liability insurance helps protect your company in the event of misconduct or error.
Benefits of Fiduciary Liability
Provides vital coverage for certain fines, penalties, sanctions, fees, and expenses related to the Affordable Care Act, ERISA Section 502(c), HIPAA, HITECH Act, IRS Section 4975 and the Pension Protection Act, as well as costs related to the assessment/correction of non-compliance in connection with certain voluntary compliance programs.
Professionals by line of business, complexity, and geography, our long-tenured underwriting and claims teams are co-located, which gives each an unparalleled holistic view of your needs, and the trends that impact your business.
Never before has there been as much litigation and personal accountability and liability for failures in employee benefit plan compliance.
Settlor Coverage
Affordable Care Act Coverage
What are the Potential Costs of Benefits Administration?
Legislation, litigation, and an evolving economy may be putting you, your executives, and plan administrators at risk.
Let’s talk about how we can help protect your company and people from the potentially high cost of benefit-related liability.