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Power Source Fiduciary Liability Insurance
Chubb Specialty Insurance

Chubb offers special coverage features for small businesses.

A plan participant sues the company and its managers alleging an error in the calculation of the company's benefits. How will your insurance protection respond?

Click here to view the key fiduciary findings from the 2005 Chubb Private Company Survey.

Under the Employee Retirement Income Security Act of 1974, fiduciaries can be held personally liable for losses to a benefit plan incurred as a result of their alleged errors, omissions, or breach of their fiduciary duties. By accessing the advice of experts and choosing quality, diverse investments, fiduciaries can mitigate their exposures to personal liability, but not eliminate them.

Lawsuits against a privately owned company, its fiduciaries, and its plans can be brought by a host of parties, including plan participants (employees) and their legal estates, as well as the Department of Labor and the Pension Benefit Guarantee Corporation.

In order to help protect privately owned companies, their fiduciaries, and their benefit plans, Chubb offers Power SourceSM Fiduciary Liability Insurance.

Power Source Fiduciary Liability Insurance is available exclusively through Chubb-appointed wholesale producers. Please contact your agent or broker for more information or to obtain access to Power Source.

To view other Power Source coverages, please select one of these items:

 

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Brochure (.pdf, 40k) *

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