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Why Do I Need Fiduciary Liability Insurance?

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SHARESHARESHARE
If your company offers a plethora of benefits to your employees including a pension plan, then you are a fiduciary, as is anyone who handles or verses the plan. However, did you know if a fiduciary makes a mistake, the fiduciary and the company could be held liable? Under the Employee Retirement Income Security Act of 1974 or ERISA, fiduciaries are personally accountable for any breaches of duties towards participants of a pension plan.
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