Fiduciary Liability Insurance and ERISA Bonds
Under provisions of the Employee Retirement Income
Security Act of 1974 (ERISA), individuals who administer
retirement, group health, savings or other employee benefit
plans must maintain a fidelity bond, and may be responsible
for losses that arise from any breaches of their fiduciary
responsibilities or duties. The complex laws and regulations
have spawned a growing number of ERISA related lawsuits.
According to the Wall Street Journal, ERISA lawsuits grew by
35% to 10,536 from 1989 to 1993 and it has only gotten worse
since then.
If you are an owner or officer who makes decisions about
your company's 401(k) plan or other qualified employee benefit plan(s), odds
are, your personal assets are at risk !
Read below for more information, or
go directly to the quote
page for Fiduciary Liability Insurance .
Do you want to see rates on the ERISA required
Fidelity
Bond with Inflation Guard Endorsement?
About Fiduciary Risks
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Are Your Assets Exposed |
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Review a list of common misconceptions and check your knowledge. |
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Read the article " More Outsiders Facing Fiduciary Liability, Says DOL Official " printed in the January 1996 issue Employer's Health Benefits Bulletin |
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Fiduciary Liability Exposures and How to Minimize Them |
Poulton Associates is able to place coverage with respected
carriers that write fiduciary liability insurance. The cost of
a $1,000,000 limit may be as little as $1,000. Click here
for a free, no-obligation quotation.
About the ERISA Required Fidelity Bond
