---
title: "What Are Examples of Fiduciary Liability Claims?"
description: "Examples include allegations of imprudent 401(k) fees or enrollment errors that affect benefits; coverage depends on the policy."
canonical: "https://spot.insure/insurance-faq/fiduciary-liability/fiduciary-liability-claim-examples"
page-type: "faq-question"
updated-at: "2026-09-25"
---

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# What Are Examples of Fiduciary Liability Claims?

Examples include allegations of imprudent 401(k) fees or enrollment errors that affect benefits; coverage depends on the policy.

A participant might claim the committee failed to monitor investments or that an enrollment error reduced benefits. These hypothetical claims are not guarantees of payment.

A claim’s allegations, requested relief, insured status, and timing all matter. A policy may treat defense costs, benefits owed, restitution, injunctions, or penalties differently. Save the demand and related plan records, notify the carrier as required, and avoid agreeing to a settlement or incurring costs without checking consent rules. For the quote, compare the relevant definitions and exclusions against the kinds of disputes your plan could face.

## Related Questions

- [Does Fiduciary Liability Cover Excessive Fee Lawsuits?](https://spot.insure/insurance-faq/fiduciary-liability/does-fiduciary-liability-cover-excessive-fee-lawsuits)
- [Does Fiduciary Liability Cover Benefit Plan Mistakes?](https://spot.insure/insurance-faq/fiduciary-liability/does-fiduciary-liability-cover-benefit-plan-mistakes)
- [Does Fiduciary Liability Cover Legal Defense?](https://spot.insure/insurance-faq/fiduciary-liability/does-fiduciary-liability-cover-legal-defense)
- [What Does Fiduciary Liability Insurance Cover?](https://spot.insure/insurance-faq/fiduciary-liability/what-does-fiduciary-liability-insurance-cover)

## Related Coverage

- [Fiduciary liability](https://spot.insure/coverage/fiduciary)

## Sources

1. [Understanding Your Fiduciary Responsibilities Under a Group Health Plan](https://www.dol.gov/agencies/ebsa/about-ebsa/our-activities/resource-center/publications/understanding-your-fiduciary-responsibilities-under-a-group-health-plan). U.S. Department of Labor, Employee Benefits Security Administration; Who Is a Fiduciary?; What Is the Significance of Being a Fiduciary?; Bonding. Accessed 2026-09-25.
2. [Fiduciary Liability](https://asset.trvstatic.com/download/assets/fri-3001.pdf/c75b6c8e63ca11ee93454641efede6a9). Travelers Casualty and Surety Company of America; II.D,J–L pp.2–3; II.A p.1; II.V p.5; Header p.1; II.M p.3; III.A.6–8 pp.5–6; II.M.2 p.3; III.B.1 p.6. Accessed 2026-09-25.
3. [Liability General Terms, Conditions and Limitations](https://asset.trvstatic.com/download/assets/lia-3001.pdf/e79a6b6c63ca11eeaa7806e978c86228). Travelers Casualty and Surety Company of America; III.F–G p.6. Accessed 2026-09-25.
4. [Fiduciary Liability Insurance](https://www.travelers.com/business-insurance/professional-liability-insurance/fiduciary-liability). Travelers; What Is Fiduciary Liability Insurance?. Accessed 2026-09-25.

More answers: [Fiduciary Liability and ERISA Bonds FAQ](https://spot.insure/insurance-faq/fiduciary-liability).

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