3/31/2020
ExecPro
Professional
Coronavirus
Covid19
Fiduciary Liability
The effects of the COVID-19 pandemic are pummeling the U.S. stock market, and our economy is beginning to feel the strain of nationwide business disruptions. Responding to slowing business demand with layoffs, wage cuts, or a reduction in employee hours may provide opportunity for greater company scrutiny by a wide variety of claimants, including employees. Fiduciary liability is an often-overlooked area of insurance coverage that can help protect businesses offering retirement or employee benefit plans that may be affected by the economic shift.
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