Get Fast Fiduciary Liability Quotes for Construction Subcontractors
Why Fiduciary Liability Coverage Matters
The construction industry is fraught with risks, from on-site accidents to financial mismanagement. Fiduciary liability insurance helps mitigate the financial impact of lawsuits alleging breach of fiduciary duties. This coverage can include legal defense costs, settlements, and judgments, ensuring that your business remains solvent even in the face of legal challenges. According to a study by the U.S. Department of Labor, fiduciaries who fail to adhere to basic standards of conduct may be held personally liable for restoring any losses to the plan1.