What Does Fiduciary Liability Mean?

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What does Fiduciary Liability mean? Read on to discover the definition & meaning of the term Fiduciary Liability - to help you better understand the language used in insurance policies.

Fiduciary Liability

Fiduciary Liability

The responsibility on trustees, employers, fiduciaries, professional administrators, and the plan itself with respect to errors and omissions (E&O) in the administration of employee benefit programs as imposed by the Employee Retirement Income Security Act (ERISA).

We hope the you have a better understanding of the meaning of Fiduciary Liability.

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