Author image Written by: Kimberlee Leonard, Senior Analyst Updated May 02, 2024 Editor Verified: Chad Brooks, Managing Editor Business.com earns commissions from some listed providers. Editorial Guidelines. What does fiduciary liability insurance cost? When dealing with employee benefit plans and plan funds, employers have a fiduciary responsibility to act in their employees’ best interests. This means they’re legally bound to act ethically and do right by their teams.
A mistake in fiduciary responsibility could result in a l list of saudi arabia cell phone numbers awsuit against the employer or some directors and officers. Because of this risk, many businesses obtain fiduciary liability insurance. We’ll explain how fiduciary liability insurance works to help employers decide if they need this protection. Recommended Business Insurance Providers for 2025 Finding the right insurance solution for your small business is time consuming - especially in these tough times. We looked at dozens of options to come up with the following recommendations.
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