Ecommerce Brands Secure Ultimate Fiduciary Insurance Protections Now
Types of Coverage Available
Fiduciary insurance policies can vary significantly, offering different levels of coverage based on your business's specific needs. Common coverages include:
- Basic Coverage: Protects against claims of errors in plan administration, such as incorrect benefit calculations or untimely distributions.
- Enhanced Coverage: Includes protection against claims related to investment decisions and plan amendments.
- Comprehensive Coverage: Offers extensive protection, including coverage for defense costs, settlements, and damages awarded by courts2.
Depending on your business's size and the complexity of your benefit plans, you may choose different levels of coverage. It's crucial to work with an insurance provider who understands the nuances of ecommerce operations to ensure you get the most appropriate protection.