Get Fast Fiduciary Liability Quotes for Construction Subcontractors
Factors Influencing the Cost of Coverage
The cost of fiduciary liability insurance can vary based on several factors, including the size of your business, the number of employees, and the specific risks associated with your industry. For construction subcontractors, premiums can be influenced by the complexity of the benefit plans you manage and your claims history. According to the Insurance Information Institute, small businesses may pay between $500 and $1,500 annually for fiduciary liability insurance, but costs can be higher for larger firms or those with a history of claims2.