Fiduciary Liability Insurance

Safeguard Your Business Decisions with Confidence

As a business owner or plan administrator in Fort Wayne, you take your responsibilities seriously. Managing employee benefits or retirement plans is a big deal, and mistakes can happen. That’s where fiduciary liability insurance comes in—protecting you from costly claims if something goes wrong. At Myers & Hayden Insurance, we’re your local Fort Wayne insurance agency, here to help you navigate these risks with tailored coverage and a human touch.

Mistakes in managing employee benefit plans, like 401(k)s or health plans, can lead to lawsuits or penalties. Fiduciary liability insurance in Fort Wayne, IN, shields you from financial losses due to errors, mismanagement claims, or breaches of duty. It’s about giving you peace of mind to focus on running your business, knowing you’re covered.

  • Protection from Claims: Covers legal costs if employees or regulators claim mismanagement.
  • Compliance Support: Helps with penalties from regulatory violations, like ERISA issues.
  • Custom Solutions: We tailor coverage to your business, whether you’re in Allen County or beyond.

Imagine an employee sues because of a mistake in their retirement plan contributions. Or a regulatory audit uncovers an error in plan administration. These scenarios can cost thousands in legal fees or settlements. Our fiduciary liability insurance protects your business by covering:

  • Legal Defense Costs: Pays for attorneys and court fees if you’re sued for fiduciary errors.
  • Settlements and Judgments: Covers payouts if you’re found liable for a breach.
  • Regulatory Penalties: Helps with fines from compliance issues, like ERISA violations.
  • Administrative Errors: Protects against unintentional mistakes in plan management.

Coverage is subject to policy terms and conditions. Let’s discuss what’s best for your business.

For over 30 years, we’ve been Fort Wayne’s trusted partner for small business insurance. As an independent agency, we compare top insurers like Western Reserve to find you affordable fiduciary liability insurance that fits your needs. We know running a business in Indiana comes with unique challenges, and we’re here to make insurance one less worry.

  • Personalized Guidance: We take the time to understand your business and risks.
  • Local Expertise: As Hoosiers, we know the needs of Fort Wayne businesses.
  • Fast, Fair Claims: Our partners ensure you’re supported when it matters most.

Get In Touch With us

Finding the right insurance can be a daunting and confusing process. Reach out to us for help! We will review your unique risks in order to find coverage that’s perfect just for you.

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