Plan sponsors agree to perform a valuable service for their employees. 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 experts can help public sector entities protect themselves against lawsuits alleging a breach of fiduciary duty.
Today’s hyper-connected world demands that plan sponsors protect their employees’ personal information and provide liability insurance protection.
Because employment practice litigation is widespread, plan sponsors 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.