Fiduciary Liability Insurance

Fiduciary Liability Insurance,

What Does Fiduciary Liability Insurance Mean?

Sincere liability insurance protects those responsible for mistakes and misconduct. These include: (1) breach of responsibilities or obligations imposed on the administration, such as the Plan Administrator, or (2) negligence, misrepresentation or negligence by the administrator or administrator Example: The director and executive of an employee's social security program (collective insurance, pension plans, 401,000 plans) are protected from real or suspicious irregularities.

Literal Meanings of Fiduciary Liability Insurance

Fiduciary:

Meanings of Fiduciary:
  1. It's a matter of trust, especially when it comes to the relationship between the administrator and the beneficiary.

  2. Guardian.

Sentences of Fiduciary
  1. The company is the responsibility of the shareholders

  2. The executioner or guardian is legally responsible for managing the assets for the benefit of another individual or group.

Liability:

Meanings of Liability:
  1. The person or thing whose presence or behavior causes embarrassment or harm.

Sentences of Liability
  1. Of partners they l. There are countless responsibilities they take on

Synonyms of Liability

responsibility, accountability, legal responsibility, inconvenience, encumbrance, hindrance, handicap, answerability, nuisance, burden

Insurance:

Meanings of Insurance:
  1. Procedures or agreements used to provide guaranteed compensation for certain losses, injuries, illnesses or deaths in return for payment of premiums by companies or government agencies.

  2. Something to protect against possible emergencies.

Synonyms of Insurance

shelter, security, preventive measure, indemnity, precaution, cover, safety measure, safeguard, provision, indemnification, defence, immunity, protection, financial protection, surety