Essential protection, better visibility, faster quoting
Any business that offers employee benefits can find itself facing a lawsuit, and in some cases, plan fiduciaries can be held personally liable, even for an unintentional error. Active Fiduciary Liability Insurance offered by Coalition gives your clients essential coverage that is often overlooked. It also comes with access to Coalition Control, letting you give your client a more complete view of their organizational risk.
What’s more, you can build a quote in minutes.
Private companies and not-for-profit organizations with up to $250M in plan assets may be eligible for Fiduciary coverage, which is part of our family of , including D&O, EPL, and Crime.
Only 1 in 4 businesses buy Fiduciary Liability Insurance
Despite 72% of businesses intending to purchase fiduciary coverage, only one in four actually do so.* Some think they’re too small, and others simply think their risk is too low to need it. But many of these businesses lack the resources to manage a benefit plan, making a mistake with significant financial repercussions even more likely. With Fiduciary Liability Insurance offered by Coalition, you can help ensure your clients are covered against the financial impact of:
Legal defense costs
Damages awarded by the court
Investigations into alleged wrongdoing
A Fiduciary Liability policy is a key step in proactively protecting your clients’ businesses from claims of mismanagement of their employee benefits plans.
*Source: Online survey of 1,000 insurance decision-makers at companies of 1-250 employees (2021). Wakefield Research.
Empowering brokers to protect businesses
Coalition’s robust Active Insurance offering can help you work faster and deliver more value for your clients.
Quote in minutes
Our proprietary Active Risk Platform builds a comprehensive risk profile for your client so you can deliver a bindable quote in minutes.
Be a strategic advisor
Coalition’s Executive Risks Assessment can assist you in clearly explaining your clients’ risk exposures and being the expert partner they need.
Deliver added value
Coalition offers valuable services, including mid-term notifications, accredited training, compliance tools, and more.
The critical coverage your clients need
A Fiduciary Liability policy offered by Coalition lets you provide your clients leading protection with these important coverages:
Excessive fee coverage
Civil penalties for ERISA sections 502(i), 502(l), and 502(c)
Civil penalties for Pension Protection Act, COBRA, HIPAA, Section 4975, the Health Care Reform Act, and United Kingdom pensions
Insurance products are offered in the U.S. by Coalition Insurance Solutions Inc. (“CIS”), a licensed insurance producer and surplus lines broker (Cal. license # 0L76155), acting on behalf of a number of unaffiliated insurance companies, and on an admitted basis acting on behalf of Zurich American Insurance Company (NAIC # 16535). See licenses and disclaimers. Copyright © 2023. All rights reserved. Coalition and the Coalition logo are trademarks of Coalition, Inc.
© 2023 Coalition, Inc. | Licensed in all 50 states and D.C. | CA License # 0L76155
* Insurance products may be underwritten by Allianz Underwriters Insurance Company, Fireman’s Fund Indemnity Corporation, or an affiliated company, which are members of Allianz Group. ** Insurance products may be underwritten by Ascot Specialty Insurance Company, Ascot Insurance Company, or an affiliated company, which are members of Ascot Group. *** Insurance products may be underwritten by North American Capacity Insurance Company, Swiss Re Corporate Solutions America Insurance Corporation, or an affiliated company, which are members of Swiss Re Corporate Solutions.