Why choose IOA for fiduciary liability insurance?
Fiduciaries have a critical responsibility to act ethically and legally in the best interests of their clients, particularly when managing employee benefit plans. Employers are increasingly held accountable for these obligations, and fiduciaries can be personally liable for errors, omissions, or breaches of duty.
IOA is your trusted partner for navigating fiduciary risks. We provide expert guidance and tailored solutions to protect your business and its leaders.
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Specialized expertise
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IOA advisors have in-depth knowledge of fiduciary liability exposures and coverage options. We monitor evolving regulations to help you keep your business compliant and prepared for potential challenges.
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Thoughtful coverage solutions
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We have broad access to policies that fit the unique needs of your organization, covering a wide range of claims, from administrative errors to government allegations. IOA provides risk assessments to identify vulnerabilities and help you mitigate potential liabilities.
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Comprehensive protection
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Safeguard your company’s financial assets, your fiduciaries’ personal assets, and the employee benefits plan with one integrated solution. Coverage extends to employee and plan participant complaints, claims of unwise investments, and conflicts of interest.
Coverage features
Fiduciary liability insurance helps protect your assets in lawsuits stemming from:
Administrative errors
Mistakes in managing employee benefits plans
Change, reduction, or denial of benefits
Allegations tied to benefit plan decisions
Conflicts of interest
Claims involving perceived or actual fiduciary conflicts
Employee or plan participant complaints
Grievances filed by plan participants
Failure to adequately fund a plan
Liability for insufficient contributions
Government allegations
Claims arising from regulatory violations or inquiries
Unwise investment decisions
Claims related to improper investment management or lack of diversity in investment options
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