Ep #31: How to Navigate the Current Fiduciary Liability Insurance Market with Tom Schrandt
Автор: Fiduciary U™ Podcast
Загружено: 2022-03-07
Просмотров: 126
My guest today is Tom Schrandt who is a Vice President and Partner at Lockton Affinity, LLC which is part of the Lockton companies. Tom specializes in E&O and fiduciary liability insuranceand is a true expert in ERISA fiduciary liability insurance.
Due to ERISA litigation, the fiduciary liability insurance market is currently a disaster and many plan sponsors either can’t get coverage or are being quoted pretty insane deductibles that make it inaccessible.
In this episode, Tom and I discuss the current market for ERISA fiduciary liability insurance, how this market has changed due to ERISA litigation, why many carriers are backing away from it due to fear or lack of understanding, what plan sponsors and their advisors can do to respond, why it’s more important than ever to work with a insurance partner who specializes in E&O and fiduciary liability insurance and has the right relationships with carriers, and much more.
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