Accounting Firms Access Ultimate Fiduciary Liability Coverage Options
Why Fiduciary Liability Coverage is Essential
The role of an accounting firm often involves managing complex financial responsibilities for clients, including employee benefit plans. Any errors or mismanagement can lead to significant legal and financial consequences. Fiduciary liability insurance protects firms from these potential liabilities, covering legal defense costs, settlements, and judgments. This coverage is increasingly important as regulatory scrutiny intensifies and the number of claims continues to rise1.