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Victor’s Fiduciary liability insurance provides coverage for the fiduciaries, directors and the corporate entity against potential liabilities, which may arise from the mismanagement of an employee benefit plan.
Eligibility
The following list provides a sample of the types of employee benefit plans Victor insures:
- Defined benefit plans
- Defined contribution plans
- RRSP
- Profit sharing
- Medical/Dental benefits
- Stand-alone plans
- Plans co-managed by the sponsor organization and a labour organization
- Primary or excess
Coverage Details
- Policy Form – Claims-made and reported
- Policy Period – Annual and two-year policies
- Capacity – Limits up to $10,000,000
- Territory – Claims made in Canada
Policy Features
- Broad definition of insured person
- Entity coverage
- Duty to defend
- Low deductibles
Submission Requirements
- A completed Victor Fiduciary Liability Insurance application form
- For renewals: Fiduciary Liability Insurance renewal application form
- Attachments as indicated on the application form