Earning a reputation as a trusted manufacturer can further your success. But it's not only about serving your customers. When you manage the savings, investment and retirement benefit plans for your employees, they trust you with safeguarding their futures. However, careless plan management can be an unfortunate reality, and even innocent errors may result in certain exposures for your business — and any individual acting in a fiduciary role.
CNA's Fiduciary Liability insurance is designed to address exposures involving fiduciary duties arising from the administration and management of employee benefit and pension plans. Claims typically allege breach of fiduciary duties, negligent advice, poor investment strategies, careless plan management, improper disclosure to participants and more. Our coverage focuses on a wide range of potential exposures, including errors and omissions in plan administration, mishandling of records, conflicts of interest and other risks stemming from a breach of fiduciary duties under ERISA and similar statutes.
CNA writes coverage for more than 90 percent of all manufacturing SIC codes. As an insurance industry leader in advancing safety, we are the only insurance carrier with professionals awarded the Recognized Risk Engineers (RRE) designation by UL. With an A financial rating by the major rating organizations for financial strength from the major rating organizations, global capabilities, vendor alliances, and relationships with the nation's leading trade associations, we are focused on the needs of today's manufacturers. In the event that a claim arises, our skilled claim professionals are dedicated to working with you.