Most thriving businesses provide health and retirement plans for their employees. Managers or fiduciary members are brought in to enforce, protect, and oversee these programs. Fiduciary liability protects a business and its employees’ assets from any errors or omissions made by management or intentional misuse of the program. It also protects the business from claims made against the policyholders for health and financial benefit plan abuse or misuse. Retirement and health programs are incredibly beneficial to a business—as long as they are being managed properly and fairly, and fiduciary coverage protects a business and its employees’ future.
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