Master Fiduciary Liability Insurance For Senior Living Success

The Importance of Fiduciary Liability in Senior Living

Senior living facilities are responsible for managing a range of employee benefits, making them vulnerable to claims of fiduciary breaches. These breaches can occur due to errors in plan administration, failure to act in the best interest of plan participants, or improper advice regarding plan investments. With fiduciary liability insurance, you are protected against legal defense costs, settlements, and judgments that could otherwise threaten your facility's financial stability.