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 800-978-6273 or send us an email to: [email protected].
How can I learn more about the insurance products offered by AMBA and how they can best serve my firm?