Accounting Firms Access Ultimate Fiduciary Liability Coverage Options

Types of Coverage Options Available

Fiduciary liability insurance policies can vary significantly, so it’s crucial for firms to understand the different options available:

• Basic Coverage: This typically includes protection against claims related to the mismanagement of employee benefit plans.
• Comprehensive Coverage: Offers broader protection, including coverage for administrative errors, omissions, and breaches of fiduciary duty.
• Customizable Policies: Many insurers offer policies that can be tailored to the specific needs of a firm, allowing for adjustments in coverage limits and deductibles.