Employee defined benefit and defined contribution retirement plans as well as non-qualified benefit and compensation programs have become increasingly complex. Anyone serving as a Plan Sponsor for a Qualified Retirement Plan or other employee benefit plans assumes a certain level of risk.
Under the Employee Retirement Income Security Act of 1974 (ERISA), fiduciaries can be held personally liable for breach of their responsibilities in the administration or handling of employee benefit plans.
A fiduciary is a person to whom property is entrusted for the benefit of another. A fiduciary can be a director, officer, employee or other retained person(s).
Fiduciary Liability protects the personal assets of anyone acting in a fiduciary capacity from claims alleging mismanagement of your firm's employee pension and 401K plans.
What other insurance products are available for RIA firms?
AMBA offers a variety of insurance products including Cyber Security Liability Insurance, Fidelity Bonds, Errors and Omissions Liability Insurance, Directors and Officers Liability Insurance, Employment Practices Liability Insurance, Property & Casualty Insurance, Mail Insurance, the Signature Guarantee Medallion Bond and many more products. Please feel free to browse our site in its entirety for more information, or you may contact us directly at 1-866-427-6583 or or 1-504-289-9301.
How can I learn more about the insurance products offered by AMBA and how they can best serve my firm?
For more information or to speak with a Client Representative, please contact our office at 1-866-427-6583 or 1-504-289-9301 or send us an email.
We're here to help! Please contact us in whatever manner is most convenient for you.
1050 Connecticut Ave, N.W.
Washington, DC 20036
1-866-427-6583 or 1-504-289-9301