Fiduciary Liability
Fiduciary laibility insurance protects benefit plans, the sponsor organization and individuals acting as fiduciaries or administrator of the plans. The policy covers liabilities arising out of violations of any of the responsibilities, obligations or duties imposed upon fiduciaries by ERISA.Fi
Fiduciary liability covers the trustee(s) who handle funds for the ERISA bond in the event the trustee is mishandling the funds or not investing funds properly while and ERISA bond covers dishonest acts of the Trustees.