This Often Overlooked Risk is Costing Companies Millions - With No Signs of Slowing

May 24, 2021

Businesses are subject to increasing and unpredictable risks every day and preparing for them can often seem like an insurmountable task.

However, understanding the risks you may be exposed to and knowing how to properly address them is critical for the success of any business or organization. At MMA, we believe in managing risk holistically by looking at the bigger picture, while still drilling down into the specifics in terms of what works for each individual client. One area of rapidly increasing risk is that of fiduciary liability and retirement plans, and addressing this risk could save countless organizations from rough seas ahead they may not even see coming.

As fiduciary-related lawsuits, litigation payouts, and insurance rates increase, it is time to start paying close attention to this often overlooked risk.

Our goal is to help you gain an understanding of who a fiduciary is, where your exposures most likely are, and how you can best protect yourself with proper insurance coverage and implementation of best practices. We will also address common questions and confusions relating to retirement plans and fiduciary liability. Fiduciaries should feel confident in their process and coverage; if you are unsure, please click here to read the full report.