Employee Benefits Liability
Coverage for mistakes in running employee benefit plans, such as failing to enroll an employee in a health plan.
What it means for your firm
It is often added by endorsement to a general liability or business owners policy. It covers administrative errors, not the cost of the benefits themselves.
Claims for breach of fiduciary duty under ERISA usually need a separate fiduciary liability policy.
General definition for education only. It is not an interpretation of any policy or contract, and it is not legal advice. The wording of your own policy and contract controls. Policies and definitions vary by insurance company.
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