Comprehensive Protection for Your Fiduciary Responsibilities
Fiduciary Liability Insurance provides essential protection for contractors who manage employee benefit plans, retirement programs, and serve as trustees, safeguarding against the significant financial risks associated with fiduciary duties and responsibilities.
As a contractor, when you establish employee benefit plans, manage retirement programs, or serve in trustee capacities, you assume significant fiduciary responsibilities. These duties come with substantial legal and financial obligations that expose you to potential lawsuits and penalties. Fiduciary Liability Insurance is your essential safeguard against these risks.
Fiduciary liability extends beyond simple plan administration. It encompasses your duty to act in the best interests of plan participants, ensure proper plan management, maintain compliance with ERISA regulations, and make prudent investment decisions. Any breach of these duties can result in costly litigation and personal financial liability.
Protection for decisions related to plan design, vendor selection, fee management, and participant communications. Covers claims arising from improper plan administration and benefit determinations.
Coverage for 401(k), pension, and other retirement plan fiduciary duties including investment oversight, plan document compliance, and participant education responsibilities.
Protection for trustees of employee benefit trusts, including coverage for investment decisions, trust administration, and regulatory compliance obligations.
Defense and coverage for violations of ERISA requirements, Department of Labor investigations, and regulatory enforcement actions against plan fiduciaries.
Level up your fiduciary protection with our comprehensive support system designed specifically for contractors:
Protection for plan sponsors managing retirement benefits for field workers, office staff, and seasonal employees with varying contribution needs.
Coverage for contractors operating across state lines with complex benefit plan requirements and varying regulatory compliance obligations.
Specialized protection for contractors involved in jointly administered union benefit plans and multi-employer pension arrangements.
Coverage for fiduciary duties related to health insurance, disability benefits, and other employee welfare benefit programs.
Protection for contractors serving on benefit plan committees, investment committees, or as plan trustees for industry organizations.
Coverage for claims arising from selection of plan administrators, investment managers, and other service providers to employee benefit plans.
Effective fiduciary liability management requires more than insurance coverage. It demands ongoing attention to compliance, documentation, and best practices. Our integrated approach combines comprehensive insurance protection with proactive risk management:
Don't let fiduciary liability expose your business to unnecessary risk. Alliance for Contractors provides the comprehensive protection and support you need to confidently manage your employee benefit responsibilities.
Take action today to secure your fiduciary future and protect your business from costly liability claims.
The consequences of fiduciary breaches extend far beyond financial penalties. They can damage your reputation, strain employee relationships, and create long-lasting business disruptions. With Alliance for Contractors' Fiduciary Liability Insurance, you gain more than coverage – you gain confidence.
Our integrated approach combines best-in-class insurance coverage with ongoing education, compliance support, and risk management guidance. This comprehensive protection ensures you can focus on growing your business while we help you manage your fiduciary responsibilities with confidence and competence.
Fiduciary liability is not a risk you can afford to ignore. Every day you operate employee benefit plans without proper protection is a day your business faces potential financial catastrophe. The Alliance for Contractors difference lies in our understanding of the unique challenges contractors face and our commitment to providing solutions that work in the real world of construction and contracting.
Your fiduciary responsibilities are serious business. Your protection should be too. Contact Alliance for Contractors today to learn how our Fiduciary Liability Insurance and comprehensive support services can safeguard your business and give you the confidence to lead your organization forward.