No longer need lawyers give erroneous advice to clients and cause loss to them. (slaw.ca)
When respected professionals share erroneous advice, however, that's another matter entirely. (careertrend.net)
Meant to fill in the gaps existing in traditional coverage offered through employee benefits liability or directors and officers policies, fiduciary liability insurance provides financial protection when the need for litigation arises — due to scenarios such as purported mismanaging funds or investments, administrative errors or delays in transfers or distributions, a change or reduction in benefits, or erroneous advice surrounding investment allocation within the plan. (investopedia.com)