Master Fiduciary Liability Insurance Risk Management Solutions Now

Real-World Examples and Statistics

According to a survey by the U.S. Department of Labor, fiduciary breaches are among the most common causes of litigation in the realm of employee benefit plans². Furthermore, the average cost of defending a fiduciary liability lawsuit can exceed $500,000, making insurance a critical component of any risk management strategy³. These statistics underscore the importance of having robust coverage and risk management practices in place.