Fiduciary Liability: Are You Covered?
As a qualified benefit plan sponsor, how should you be thinking about risk when taking on the critical role of a fiduciary or trustee?
Fiduciary liability is a topic that many organizations are increasingly concerned about, particularly given the rise in ERISA litigation with respect to excessive fees and other accusations related to potential fiduciary breaches. Aon’s recent webinar, "Fiduciary Liability –Are You Covered?”, discusses how fiduciaries can better understand the rapidly evolving risk management landscape and how to implement governance processes to better protect themselves against lawsuits and personal responsibility.
As benefit plan litigation becomes more common, fiduciaries will often need to take additional steps to ensure that they are protected. In this webinar, Aon team members share their insights on the drivers and trends related to the costs fiduciary liability coverage and best practices to help clients better navigate this complex environment and mitigate their risk.
In this webinar replay you will learn:
- How current ERISA litigation is evolving and how lawsuits may impact plan fiduciaries and trustees
- Who is a fiduciary and what are the applicable Fiduciary duties and standards?
- Fiduciary Liability Insurance –coverage basics and market trends
- Practical actions and best practices to manage and mitigate exposures.