Fiduciary Liability Insurance
Guarding Against Mismanagement Claims
Fiduciary liability insurance is vital for any entity that manages employee benefit plans, offering protection against claims of mismanagement. This specialized insurance covers defense costs, settlements, and judgments, safeguarding your organization against potential financial damages.
Key Features:
- Claims-Made Basis: Active coverage is required when the alleged mismanagement occurs and when the claim is made.
- Policy Exclusions: Typically excludes fraudulent or intentional wrongful acts.
- Coverage Scope: Balancing deductibles and policy limits to meet organizational needs is essential.
Who Needs It? Any organization managing employee benefits, from small businesses to large corporations, including non-profits and educational institutions, needs this coverage to safeguard against potential fiduciary breaches.
Securing Comprehensive Protection: With the growing complexity of regulatory requirements and the increasing litigation risks, obtaining the right fiduciary liability insurance is crucial for protecting your organization's and fiduciaries' financial health. Collaborate with specialists like Entoro Insurance Services (EIS), who can customize your coverage to match your organization's risk profile, ensuring comprehensive protection.
Success Story of the Month
Comprehensive Risk Management for an Oil and Gas Company
An oil and gas company partnered with EIS to effectively safeguard its operations. Our tailored insurance plan offered extensive protection for property, equipment, pollution liability, and business interruption, addressing the company's specific needs. As a result of this customized policy plan, the company fortified its operations, protecting against potential losses. Our customized insurance plan proved invaluable, providing comprehensive protection, and ensuring peace of mind for the company in the face of unforeseen risks.
Insurance for Thought
Understanding the 2024 Auto Insurance Premium Surge
Bankrate's Annual Report for 2024 highlights a striking 26% jump in the national average cost of full coverage auto insurance to $2,543. This surge means Americans now spend 3.41% of their household income on auto insurance, highlighting the impact of regulatory complexities and increased litigation risks. States prone to extreme weather, like Louisiana and Florida, face the highest costs, underscoring the critical role of geographical and environmental factors in insurance pricing.
At EIS, we see this as an imperative to evolve our offerings. This trend demands more personalized, data-informed insurance solutions that cater to individual needs and financial situations. As your trusted partner, EIS is committed to navigating the evolving landscape of insurance costs with you, ensuring clarity and comprehensive coverage.
Entoro Insights
OfferBoard® Pro: White Label Solution Private Securities Syndication Platform as a Service (PaaS)
OfferBoard® Pro is a white label investment platform designed for private securities (Reg. D, Reg. A+ and Reg. CF) and asset sale transactions. In combination, the OfferBoard platform and Entoro Securities provide an integrated regulatory compliant service for Broker-Dealers and Issuers.
With OfferBoard Pro’s intuitive interface and a suite of built-in features, companies can launch a turnkey investment platform under their company brand, running on OfferBoard’s proven technology -- no coding required! OfferBoard Pro comes with a back-end (Administrator Portal) and front-end (Investor Portal) application customized to match the company’s branding and top-level domain name. In addition, customers can enhance “out-of-the-box” features and add custom functionality.
Entoro Insurance Services
Entoro Insurance Services, LLC (EIS) is a Texas-licensed insurance brokerage. We are a trusted partner dedicated to continuous improvement, professionalism, and the highest ethical standards in the industry. Our focus is delivering specialized insurance solutions, protecting client assets, managing risks, and ensuring peace of mind. We help clients limit liabilities allowing them to focus on what matters.
EIS Contacts
Doug Higgins
Managing Partner
Entoro Insurance Services, LLC
D: +1 863.581.6194
E: dhiggins@entoro-insurance.com
Jeysel Huezo
Operations Associate
Entoro Insurance Services, LLC
D: +1 832.987.3883
E: jhuezo@entoro.com
John Terrill
Director of Business Development
Entoro Insurance Services, LLC
D: +1 832.275.1672
