Ecommerce Brands Gain Unheard-Of Fiduciary Liability Coverage

Cost Considerations and Real-World Examples

The cost of fiduciary liability coverage varies based on factors such as company size, industry risk level, and the scope of benefits offered. On average, premiums can range from $500 to $2,000 annually for small businesses, while larger enterprises may pay significantly more². However, the investment is often justified by the potential cost savings in the event of a claim.

For instance, a mid-sized ecommerce company that faced a lawsuit over alleged mismanagement of its retirement plan was able to cover legal fees and a settlement amounting to $150,000, thanks to its fiduciary liability insurance³.

Exploring Your Options

Ecommerce brands interested in securing fiduciary liability coverage should start by assessing their current risk exposure and benefit offerings. Consulting with an insurance broker who specializes in ecommerce can provide tailored insights and help you navigate the various options available. As you explore these options, remember that investing in robust fiduciary liability coverage is not just about compliance—it's about safeguarding your brand's future.

By understanding the nuances of fiduciary liability insurance and its benefits, ecommerce brands can make informed decisions that protect their assets and enhance their competitive edge. For those ready to take the next step, visiting websites of reputable insurers and comparing plans can offer valuable insights into the best solutions for your business.