In today’s increasingly litigious society, fiduciaries of retirement plans and employee welfare benefit plans can be held personally liable for a mistake in managing or operating the plan or a perceived breach of fiduciary duty. Specific to not-for-profit organizations, Chubb created ForeFront Portfolio℠ For Not-for- Profit Organizations Fiduciary Liability Insurance specifically to address the unique exposures faced by plan fiduciaries.
In today’s evolving legal environment, employers and plan fiduciaries are increasingly being held accountable for their actions in administering the benefit plans they offer employees and recent settlements have made this complex area of litigation more attractive to the "plaintiffs' bar".
Download Chubb’s Fiduciary Liability educational materials to find out more about industry trends, loss scenarios, and frequently asked questions.