401(k) Fridays Podcast

Depending on who you ask, fiduciary liability insurance might not be on the top of their list as the most exciting topic, but it is important.  For my guest today, Reid Eanes, a Senior Vice President with Lockton Insurance Brokers, helping insure fiduciary is from workplace retirement plans is a key part of his day job.  We start with a few basics on how fiduciary liability insurance works and differs from other types of insurance programs a company might have, we then delve into what types of “issues” can be covered, thoughts on how to determine the amount of fiduciary liability insurance and what types of plans are harder or more expensive to insure.  Finally, with all the talk of cyber liability we hit on what employers can do to insure potential risk there.  Oh, and don’t miss the part where we talk about what to do if you think you want or need to make a claim on your fiduciary liability insurance policy, some definite do’s and don’ts.   Before we get started, if you have been enjoying the podcast if you