With employers competing to attract the best talent and highly skilled employees, providing a competitive retirement plan has arguably become as important as the salary and benefit package offered. You would think employees receiving an employer match as incentive to save for retirement would be grateful... and most are, but when problems arise with the administration of your benefit plan, lawsuits are likely to follow.
Fortunately, Employee Benefits Liability coverage is available to protect you for errors or omissions in the administration of your employee benefit program. Coverage is also available if you fail to advise employees of your benefit program. This coverage is inexpensive and is easily added to your commercial general liability policy.
To learn more about your insurance protection, visit our Learning Center or contact one of our licensed advisors. We're here to help!