Fiduciary Liability
MSI helps protect high-growth companies from lawsuits related to their handling of employee benefit plans
Fiduciary Liability
MSI helps protect high-growth companies from lawsuits related to their handling of employee benefit plans
Fiduciary Liability
MSI helps protect high-growth companies from lawsuits related to their handling of employee benefit plans
MSI’s coverage defends emerging companies from costly employee benefit litigation
Company fiduciaries, including directors, officers, plan administrators or trustees, and related committees, face potential lawsuits from benefit plan participants who claim that the plans were mismanaged in some way. To address these risks, MSI provides up to $4 million of fiduciary liability coverage for legal expenses and damages, offered only as an extension of our directors and officers liability coverage.
This coverage, backed by a highly-rated global insurer, is designed for high-growth companies in sectors ranging from crypto and cannabis to biotech and edtech, and can scale up as their headcount grows.
Providing responsive underwriting and claims services
Our expert underwriters can quickly develop customized solutions to meet these companies’ unique needs, including bespoke coverage endorsements, usually within days.
MSI delivers responsive service throughout the policy lifecycle, and with decades of management liability claims experience, we know how to manage claims and litigation to achieve the best outcomes efficiently. We also offer flexibility in choice of counsel as well as market-beating notification windows and notice trigger thresholds.
Look to MSI for expert, tailored coverages to protect emerging companies from benefit plan-related risks so they can stay focused on growth.
MSI’s coverage defends emerging companies from costly employee benefit litigation
Company fiduciaries, including directors, officers, plan administrators or trustees, and related committees, face potential lawsuits from benefit plan participants who claim that the plans were mismanaged in some way. To address these risks, MSI provides up to $4 million of fiduciary liability coverage for legal expenses and damages, offered only as an extension of our directors and officers liability coverage.
This coverage, backed by a highly-rated global insurer, is designed for high-growth companies in sectors ranging from crypto and cannabis to biotech and edtech, and can scale up as their headcount grows.
Providing responsive underwriting and
claims services
Our expert underwriters can quickly develop customized solutions to meet these companies’ unique needs, including bespoke coverage endorsements, usually within days.
MSI delivers responsive service throughout the policy lifecycle, and with decades of management liability claims experience, we know how to manage claims and litigation to achieve the best outcomes efficiently. We also offer flexibility in choice of counsel as well as market-beating notification windows and notice trigger thresholds.
Look to MSI for expert, tailored coverages to protect emerging companies from benefit plan-related risks so they can stay focused on growth.
MSI’s coverage defends emerging companies from costly employee benefit litigation
Company fiduciaries, including directors, officers, plan administrators or trustees, and related committees, face potential lawsuits from benefit plan participants claiming that plans were mismanaged. To address these risks, MSI provides up to $4 million of fiduciary liability coverage for legal expenses and damages, offered only with our directors and officers liability coverage.
This coverage, backed by a highly-rated global insurer, is designed for high-growth companies in sectors ranging from crypto and cannabis to biotech and edtech, and can scale up as their headcount grows.
Providing responsive underwriting and
claims services
Our expert underwriters can quickly develop customized solutions to meet these companies’ unique needs, including bespoke coverage endorsements.
MSI delivers responsive service throughout the policy lifecycle, and with decades of management liability claims experience, we know how to manage claims and litigation to achieve the best outcomes efficiently.
Availability
- Nationwide
Coverage
- Limits: $500,000 to $4 million
- Retentions: Starting at $5,000
- Voluntary Compliance Program Costs: $500,000 sublimit
- 12-month coverage period (max of 18 months, including extensions)
- Must be paired with D&O coverage
Target Classes
- Private Entities
- High-Growth Startups
- Crypto
- Cannabis
- Fintech
- Edtech
- SaaS
- Healthcare
- Non-Profit
- Manufacturing
Eligibility
- Named insured must be domiciled in U.S.
- Foreign parent, subsidiaries, fiduciaries are eligible
- Foreign parents may be offered co-defendant coverage subject to underwriting and additional
- Can consider employee stock option programs
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Why MSI?
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