Fiduciary Liability Insurance
The right fiduciary liability insurance provides protection for trustees, employers, plan fiduciaries, professional administrators, and the plan itself, mitigating the risk of legal fees or sizable settlements.
Mitigate the risk of legal fees or sizable settlements
Fiduciaries of your employee benefit plans are personally liable for every decision made about a retirement plan governed by the Employee Retirement Income Security Act (ERISA). As a result, they are especially at risk of lawsuits related to the plan’s fees and investments.
B. F. Saul Insurance will recommend a fiduciary liability policy that includes coverages like these, depending on your needs:
- Administrative error
- Conflict of interest
- Improper counsel or advice
- Failure to adequately fund plans
- Wrongful plan termination
- Denial or change of benefits
Discover How We Can Manage Your Company's Risk
Deep Knowledge. Exceptional Service.
Independent Family Ownership
We believe that being privately held is essential to achieving growth—now and in the future. Retaining an independent ownership results in a long-term outlook and provides the financial means to invest in resources relevant to your needs.
Expertise & Experience
Your goals and priorities come first. With meaningful experience serving individuals, families, and businesses, we keep up on relevant exposures in order to customize the advice to you.
Proven Service Model
At B. F. Saul Insurance, the advisor that understands your risks and business priorities also negotiates and structures your program. Our direct access to the global insurance market affords you the best possible results.
We Develop Long Term Relationships
On average, we retain about 95% of our clients every year (greater than the industry average of 80-85%). We are passionate about people—yours and ours—leveraging our knowledge about you to more effectively advocate on your behalf in the market.