401(k) Fridays Podcast

Insuring Fiduciary Risk: Core Concepts, Dispelling Myths and Mistakes to Avoid

Informações:

Synopsis

With all of the 401(k) and ERISA lawsuits floating around these days, we have gotten a fair number of questions from employers about fiduciary liability insurance.  We have also made reference on several prior episodes that it is critical to ensure you have a well crafted fiduciary liability insurance.  As they say, never bring a knife to a gun fight, so I reached out to the biggest gun I know,  Dana Kopper, a Managing Director and an Professional Liability Insurance specialist with Lockton Insurance Brokers.  After nearly forty years in the business, handling thousands of claims, being integrally involved in countless settlements, Dana shares some of his insights on how fiduciary risk management, insurance and indemnification all work hand in hand to protect both employers and their retirement plan fiduciaries.  He also dispels a few myths, shares some stories and offers a few thoughts on what not do when it comes to fiduciary liability insurance.     Don’t forget, for each podcast episode we have a dedicate