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What is Fiduciary Liability (FID) Insurance?
What is Fiduciary Liability (FID) Insurance?

Learn why your company needs Fiduciary Coverage

Mike Levins avatar
Written by Mike Levins
Updated over 4 years ago

What

Fiduciary Coverage protects personal assets and company assets in the event of litigation claiming mismanagement or negligence in managing employee benefit plans.

Why

Lawsuits alleging mismanagement or negligence in managing employee benefit plans increased 594% during the 2008 recession with an average cost of $800,000 to defend.

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