Trustees of multiemployer plans agree to perform a valuable service for their fund. They also take on a tremendous responsibility — and if something goes wrong, they can be held liable. Segal Select Insurance understands what is at stake and provides extensive services to assist with all aspects of insurance brokerage.
Our insurance brokerage services include:
Our experts can help multiemployer trustees protect themselves against lawsuits alleging a breach of fiduciary duty.
Today’s hyper-connected world demands that trustees protect their participants’ personal information and provide liability insurance protection.
Because employment practice litigation is widespread, trustees should consider insurance that covers the defense, settlement and judgment costs of potential suits.
Our experts can work with fiduciaries of employee benefit plans to become bonded in order to cover the plan from loss of assets due to fraud or dishonesty.