What Are Examples of Fiduciary Liability Claims?
Examples include allegations of imprudent 401(k) fees or enrollment errors that affect benefits; coverage depends on the policy.
A participant might claim the committee failed to monitor investments or that an enrollment error reduced benefits. These hypothetical claims are not guarantees of payment.
A claim’s allegations, requested relief, insured status, and timing all matter. A policy may treat defense costs, benefits owed, restitution, injunctions, or penalties differently. Save the demand and related plan records, notify the carrier as required, and avoid agreeing to a settlement or incurring costs without checking consent rules. For the quote, compare the relevant definitions and exclusions against the kinds of disputes your plan could face.
Coverage Guides Related to Fiduciary Liability Insurance
Which Providers List Coverage for Fiduciary Liability Insurance?
Sources for Fiduciary Liability Insurance Answers
- Understanding Your Fiduciary Responsibilities Under a Group Health Plan. U.S. Department of Labor, Employee Benefits Security Administration; Who Is a Fiduciary?; What Is the Significance of Being a Fiduciary?; Bonding. 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.
- Liability General Terms, Conditions and Limitations. Travelers Casualty and Surety Company of America; III.F–G p.6. Accessed 2026-09-25.
- Fiduciary Liability Insurance. Travelers; What Is Fiduciary Liability Insurance? Accessed 2026-09-25.