Skip to main content

Fiduciary liability insurance throughout Milwaukee, Waukesha, Racine and Washington Counties.

Fiduciary liability insurance helps protect individuals acting as ERISA fiduciaries against fiduciary-related claims of mismanagement of a company’s employee benefit plan. We’ll work with you to ensure that employee benefits are handled responsibly and your trustees are better protected.

Fiduciary liability insurance covers a very specific risk–and a potentially financially devastating one. The risk is breaching fiduciary duties, and it comes from the Employee Retirement Security Act of 1974 (ERISA), which governs many employee benefit schemes.

Officers of a company who oversee such schemes have fiduciary duties. This means that they are ethically and legally bound to act in the best interests of the employees, and can be sued if they breach this duty (even unintentionally). A breach of this duty could be as simple as making investment decisions for the plan that don’t work out well.

ERISA means a fiduciary could be held financially responsible for making good any losses from their alleged mistakes or failings, and when you’re talking about a workforce’s retirement benefits, that can make for eye-watering figures.

Many general liability insurance policies don’t cover claims relating to ERISA, so a specialist fiduciary liability policy is the way to mitigate this risk.

Policies usually cover the costs of defending claims and paying out any liability. Additionally, fiduciary liability insurance often includes access to lawyers who have experience in ERISA cases.

Our agents can help you obtain a fiduciary liability insurance policy that’s for your business. So, reach out today!

Let’s discuss your fiduciary liability insurance.

One of our insurance advisors will reach out to you to review your information and present you with the appropriate fiduciary liability insurance solution. There’s no obligation, just good-old-fashioned advice.
  • Please note that coverage cannot be amended or bound until confirmed by a Unisource licensed agent.
  • This field is for validation purposes and should be left unchanged.

Unisource Insurance Associates offers fiduciary liability insurance throughout Wisconsin including, Milwaukee, Waukesha County, Washington County and Racine County.