Fiduciary Liability

Product
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ENCON’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 ENCON 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