Travelers Canada Fiduciary Liability coverage can protect your organization, its benefit administrators and benefit plans from claims arising from denials or changes to a benefit plan, processing and administration errors, improper advice, conflict of interest, failures in selecting and monitoring third-party providers and more.
As fiduciary standards evolve, they are subject to a wide range of interpretations. As a result, exposures will likely expand even as increased litigation has led to increased regulatory scrutiny and boosted efforts to solidify uniform codes. At Travelers Canada, our wide view of the marketplace and its exposures enables us to understand your fiduciary risks and help you remain a step ahead in managing them.
Travelers Canada fiduciary liability coverage is critical to the well-being of your company – particularly given the growing exposures in today’s volatile climate. It covers errors and omissions that impact your company’s benefit plans and helps protect its directors, natural person trustees, officers and employees from costly litigation.