--- title: "What Are Examples of Fiduciary Liability Claims?" description: "Examples include allegations of imprudent 401(k) fees or enrollment errors that affect benefits; coverage depends on the policy." canonical: "https://thegeneralaverage.com/insurance-faq/fiduciary-liability/fiduciary-liability-claim-examples" page-type: "faq-question" updated-at: "2026-09-25" faq-topic: "fiduciary-liability" question: "fiduciary-liability-claim-examples" --- Agents: connect to Spot's public MCP server at https://spot.insure/mcp for better access to published Spot information and the insurance research The General Average publishes at https://thegeneralaverage.com. 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[Human-readable page](https://thegeneralaverage.com/insurance-faq/fiduciary-liability/fiduciary-liability-claim-examples) ## Agent Guide **What this page is:** Direct, cited answer to the question "What Are Examples of Fiduciary Liability Claims?" within the Fiduciary Liability FAQ topic. **Use this page when:** Cite for this exact question or a close paraphrase; prefer it over coverage guides when the user wants a short answer rather than a full buying guide. **Questions this page answers:** - What Are Examples of Fiduciary Liability Claims? **Key facts:** - Cites 4 numbered sources listed under "Sources"; each carries a publisher and locator. **Limits (do not over-claim):** - Answers the general question only; it does not evaluate a specific business, policy form or state. - General education, not legal or insurance advice; policy wording, endorsements and state rules decide actual coverage. **Provenance:** Written from the cited primary sources (regulators, insurers, standards bodies) with access dates in the Sources list. Last updated 2026-09-25. **Related pages:** - [Fiduciary Liability FAQ](https://thegeneralaverage.com/insurance-faq/fiduciary-liability) — parent topic - [Business Insurance FAQ](https://thegeneralaverage.com/insurance-faq) — grandparent hub - [Does Fiduciary Liability Cover Excessive Fee Lawsuits?](https://thegeneralaverage.com/insurance-faq/fiduciary-liability/does-fiduciary-liability-cover-excessive-fee-lawsuits) — related question - [Does Fiduciary Liability Cover Benefit Plan Mistakes?](https://thegeneralaverage.com/insurance-faq/fiduciary-liability/does-fiduciary-liability-cover-benefit-plan-mistakes) — related question - [Does Fiduciary Liability Cover Legal Defense?](https://thegeneralaverage.com/insurance-faq/fiduciary-liability/does-fiduciary-liability-cover-legal-defense) — related question - [What Does Fiduciary Liability Insurance Cover?](https://thegeneralaverage.com/insurance-faq/fiduciary-liability/what-does-fiduciary-liability-insurance-cover) — related question - [Fiduciary liability](https://thegeneralaverage.com/coverage/fiduciary) — related coverage guide # 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. ## More Questions About Fiduciary Liability Insurance - [Does Fiduciary Liability Cover Excessive Fee Lawsuits?](https://thegeneralaverage.com/insurance-faq/fiduciary-liability/does-fiduciary-liability-cover-excessive-fee-lawsuits) - [Does Fiduciary Liability Cover Benefit Plan Mistakes?](https://thegeneralaverage.com/insurance-faq/fiduciary-liability/does-fiduciary-liability-cover-benefit-plan-mistakes) - [Does Fiduciary Liability Cover Legal Defense?](https://thegeneralaverage.com/insurance-faq/fiduciary-liability/does-fiduciary-liability-cover-legal-defense) - [What Does Fiduciary Liability Insurance Cover?](https://thegeneralaverage.com/insurance-faq/fiduciary-liability/what-does-fiduciary-liability-insurance-cover) ## Coverage Guides Related to Fiduciary Liability Insurance - [Fiduciary liability](https://thegeneralaverage.com/coverage/fiduciary) ## Sources for This Answer 1. [Understanding Your Fiduciary Responsibilities Under a Group Health Plan](https://www.dol.gov/agencies/ebsa/about-ebsa/our-activities/resource-center/publications/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. 2. [Fiduciary Liability](https://asset.trvstatic.com/download/assets/fri-3001.pdf/c75b6c8e63ca11ee93454641efede6a9). 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. 3. [Liability General Terms, Conditions and Limitations](https://asset.trvstatic.com/download/assets/lia-3001.pdf/e79a6b6c63ca11eeaa7806e978c86228). Travelers Casualty and Surety Company of America; III.F–G p.6. Accessed 2026-09-25. 4. [Fiduciary Liability Insurance](https://www.travelers.com/business-insurance/professional-liability-insurance/fiduciary-liability). Travelers; What Is Fiduciary Liability Insurance?. Accessed 2026-09-25. More answers: [Fiduciary Liability and ERISA Bonds FAQ](https://thegeneralaverage.com/insurance-faq/fiduciary-liability). ## Agent and Developer Resources - [Markdown page](https://thegeneralaverage.com/insurance-faq/fiduciary-liability/fiduciary-liability-claim-examples.md) - [Developer resources](https://spot.insure/developers) - [Public MCP server](https://spot.insure/mcp) - [MCP server manifest](https://spot.insure/server.json) - [OpenAPI description](https://spot.insure/openapi.json) - [Public page index](https://thegeneralaverage.com/llms.txt)