Fiduciary Liability Insurance

Trustees and other fiduciaries of multiemployer and public benefit funds face significant personal liability in their daily duties. For over twenty-five years, fiduciaries have relied on Ullico Casualty Group Inc. because we understand how to protect them. Our Fiduciary Liability experts update our insurance coverages as liabilities evolve and know how to resolve fiduciary claims to protect the personal assets of our policyholders.

Coverage highlights include:

  • A "duty to defend" policy form with the policyholder’s right to select counsel because we recognize the importance of allowing our insureds to work with their own defense attorneys
  • Broad definition of "Insured"
  • Broad definition of "Wrongful Act"
  • Coverage for Fiduciary Exposures
  • Broad range of voluntary compliance program coverage
  • Coverage for ERISA, PPA, HIPAA and PPACA penalties and trustee surcharges
  • Full prior acts coverage available
  • Ability to offer up to a $25 million tower of multiemployer fiduciary liability insurance and up to $15 million of governmental fiduciary liability insurance.
  • Primary and excess forms available

Coverage provided by Markel American Insurance Company, rated A (XV) by A.M. Best Company as of 12/31/2015.

Disclaimer: Whether and to what extent a particular loss is covered depends on the facts and circumstances of the loss and the terms and conditions of the policy or policies as issued. No warranties or representations of any kind are made to any party except as provided in the issued policy or policies. The information provided on this site is descriptive only and does not constitute a part of, or endorsement to, the policies.

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