Byrne-Kim, Inovative Insurance and Risk Management Solutions, for Fiduciary Liability Insurance Coverages
Fiduciary Liability Insurance:
The Employment Retirement Income Security Act of 1974 (ERISA) holds the company and its fiduciaries personally liable for losses to the company's
benefit plans by reason of a breach of duties. An administrative error or omission on the part of the fiduciaries of employee benefit plans can result in a
lawsuit, one which could be devastating to your business as well as to the personal financial stability of your fiduciaries

Companies generally create employee benefit plans to help attract and retain quality employees.  However, you may not be aware of the liability exposure
created from the management of these plans.  Or, that utilizing a third-party plan administrator (TPA) does not eliminate your exposure, under ERISA you
are Personally Liable.

Plans subject to ERISA:

  • Pension Plans
  • Profit Sharing
  • Savings Accounts (401k)
  • Employee Stock Ownership
  • Tax Reform Act

  • Welfare Plans
  • Life Insurance
  • Medical Insurance - Dental and Vision Insurance
  • Accident Insurance
  • Disability Insurance
  • Prepaid Legal Service
  • Supplemental Unemployment
  • Some Severance Plans
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Fiduciary Liability Insurance
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