Insurance for fiduciary acts or omissions
| May a fiduciary purchase fiduciary liability insurance? |
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A plan may purchase insurance to cover any liability or loss resulting from the fiduciary's act or omission if the policy permits recourse by the insurance company against the fiduciary with respect to any fiduciary breach. Moreover, a fiduciary or an employer may purchase insurance coverage for the fiduciary without any recourse provision against the fiduciary. |
