Does Fiduciary Liability Cover Pension Plans?
Fiduciary liability may cover pension-plan claims when the plan is included in the policy and the claim meets its terms.
Defined-benefit and multiemployer plans can have different exposures. Check the plan schedule and definitions rather than relying on a generic pension reference.
List each pension plan by legal name and type when requesting a quote, including any multiemployer or acquired arrangement. Check whether the policy automatically includes new plans or requires notice or insurer consent, and whether the insured sponsor, trustees, committee members, and administrators are included. Compare claims-made dates, exclusions, defense-cost limits, retention, and treatment of benefit amounts or plan losses in the specific issued wording.
Coverage Guides Related to Fiduciary Liability Insurance
Which Providers List Coverage for Fiduciary Liability Insurance?
Sources for Fiduciary Liability Insurance Answers
- FAQs about Retirement Plans and ERISA. U.S. Department of Labor, Employee Benefits Security Administration; What are the responsibilities of plan fiduciaries?; Is it possible to sue under ERISA? Accessed 2026-09-25.
- Fiduciary Liability. Travelers Casualty and Surety Company of America; II.D,J–L pp.2–3; II.A p.1; II.V p.5; Header p.1; II.M p.3; III.A.6–8 pp.5–6; II.M.2 p.3; III.B.1 p.6. Accessed 2026-09-25.
- Fiduciary Liability Coverage Application. Travelers Casualty and Surety Company of America; Requested Insurance Terms p.2; General and Plan Information pp.1–2; Loss Information p.2. Accessed 2026-09-25.