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Berkshire Hathaway Specialty Insurance (BHSI) has introduced fiduciary liability insurance for Canadian sponsors of large pension and benefit plans and their directors, officers and employees.
The policy covers Canadian fines and penalties and features full settlor coverage (with no sublimit) to protect executives when their business decisions lead to litigation in connection with employee benefit plans.
It’s designed to “address the most current regulatory, litigation and pension and welfare issues facing large enterprises in Canada,” says Dan Fortin, BHSI’s senior vice-president, executive and professional lines, U.S. and Canada.
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