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Why You Need Fiduciary Insurance

Fiduciary insurance is not just a safety net; it's a strategic investment in your financial security. The Employee Retirement Income Security Act (ERISA) holds fiduciaries to very high standards, and any breach can result in significant financial penalties. With fiduciary insurance, you are shielded from personal liability, ensuring that your assets are protected if a claim arises. This protection extends to cover errors in plan administration, omissions, and even allegations of misleading advice. By securing fiduciary insurance, you demonstrate a commitment to ethical management and financial stewardship.