Fiduciary liability endorsement

{
  "id": "MLC-T-INS-001494",
  "term": "Fiduciary liability endorsement",
  "field": "Insurance and risk management",
  "definition": "An addition to an insurance policy, typically a directors and officers (D&O) or errors and omissions (E&O) policy, that extends coverage for claims arising from breaches of fiduciary duty. This endorsement specifically addresses the legal liabilities faced by individuals or entities responsible for managing employee benefit plans. It provides protection against lawsuits alleging mismanagement or imprudent decisions related to plan assets.",
  "url": "https://mlchart.com/terminology/insurance/fiduciary-liability-endorsement/"
}