Safeguarding trust for responsible oversight
Fiduciary Liability risks are present in the oversight of retirement plans, pensions, or healthcare plans, where those in fiduciary roles oversee assets and make decisions that affect the welfare of beneficiaries.
Fiduciary Liability insurance shields businesses from lawsuits initiated due to breaches of fiduciary duty. Such litigations are prevalent, especially in dynamic, thriving companies that fail to synchronize their fiduciary practices with their evolving business.
Claims typically include
Breach of fiduciary duty
Allegations arising from mismanagement of employee benefits or investment decisions, which can have significant financial implications for the company.
Errors in administration
Mistakes in handling retirement plans or misinterpretation of plan documents leading to financial losses for employees, triggering lawsuits against the company.
Failure to monitor investments
If leaders are ever accused of making bad decisions or not doing their job properly, this insurance helps cover their personal wealth so they don't have to pay for legal troubles out of pocket.
Fiduciaries, such as those overseeing retirement plans or investment portfolios, may face allegations of mismanaging funds. This could involve making imprudent investment decisions, failing to diversify assets appropriately, or neglecting to monitor investments effectively.
One-stop shop
for all executive coverages
Addressing all your clients’ executive coverage needs might require multiple carriers. Anzen does the work for you and brings back competitive coverage options from A rated carriers.
Best-in-class services
for brokers and clients
Anzen serves 95% of submissions with multiple options and in record time. We operate at speed and provide continuous updates on the status of submissions for full transparency.
Risk protection
beyond the policy
Anzen goes beyond coverage to proactively root out executive liability risks. We offer integrations with payroll, HR, and other business systems to detect potential risks early.