Fiduciary Liability Insurance in Colorado

Fiduciary Liability Insurance coverage is absolutely necessary for anyone engaged in any way in the management of a pension or employee benefit plan, no matter what kind of business enterprise they work for. This necessity is clearly validated by some compelling figures. In the late 90s, The frequency of claims against fiduciaries increased threefold. Further, defense costs have risen 471% in the last five years, and more than 90% of the recent claims have been filed by plan participants. The most dangerous part of claims against fiduciaries is that it places their personal assets at risk. This is a consequence of the Pension Reform Act of 1974, which states that fiduciaries are personally responsible for any mismanagement, errors or omissions involved in employee benefit plans. In fact, no fiduciary thinks twice anymore before opting for Fiduciary Liability Insurance.

At Adco General we can offer you complete access to the market for Fiduciary Liability Insurance in Colorado. We have been involved with the insurance markets of this region for forty years now and know it better than anyone else. Apart from market access, working with us will also offer you the benefit of expert product knowledge about the carriers and what they are offering in Fiduciary Liability Insurance. This, coupled with our speed and efficiency, means that you will not find a better wholesale insurance broker in Colorado.

Please contact us by email for more information about what services we can offer in terms of Fiduciary Liability Insurance polices. We look forward to hearing from you and doing business with you!