Jenner & Block

"Are You in Good Hands? Why Employers Should Carefully Read Their Fiduciary Liability Insurance Policies?" Employee Relations Law Journal, Vol. 33, No. 3

Winter 2007
In this article, Partners Craig C. Martin and William L. Scogland advise fiduciaries of employee benefit plans to review their fiduciary liability insurance policies to ensure maximum protection from personal liability in ERISA cases. "Because trial and settlement strategies may differ depending on what insurance is available to cover defense costs or to indemnify any losses, fiduciaries should know early if they are in good hands when an ERISA action arises," says the article. "By asking the right questions, effectively communicating with the insurer, and carefully reading the policies they pay for, fiduciaries are more likely to find themselves in good hands."