ERISA Compliance Coverage
Most companies offering retirement benefits are required by the Employee
Retirement Income Security Act (ERISA) to maintain a fidelity bond to protect
against theft of funds from the retirement plans.
This coverage is distinctly different from Fiduciary liability coverage,
and must be placed in compliance with the ERISA act.
Pension Fund Trustee Liability Insurance protects trustees against parties bringing claims for:
- reach of trust
- Breach of fiduciary duty
- Negligence or maladministration
- Negligent misrepresentation or negligent misstatement
- Defamation
- Other civil liabilities
Lockton Service
Service starts with listening. We take the time to understand your specific goals, design a program that fits your needs, aggressively negotiate coverage, and implement a service plan. You will have the same dedicated service team throughout the entire process which allows us to anticipate your needs and create accountability.
It’s all about you. As a private, family-owned company, all our Associates focus solely on you, our client, rather than public shareholders.
Long-term thinking. Clients stay with us based on our expertise, creative solutions, seamless global resources and outstanding service. Our client retention rate of 95 percent reiterates our commitment to each and every client.