Crime / Fiduciary / ERISA
We won't leave you unprotected.
Do your employees have easy access to client funds, checks, credit card information?
How confident are you that your bank account access information is impenetrable by malicious software or viruses from outside sources?
Crime policies offer very broad coverage and are required by more and more partner institutions like banks. Crime coverage includes:
- Money on premises
- Money in transit
- Computer Crime and Funds Transfer Fraud
- Personal Accounts Protection (ID Fraud Expense Recovery)
- ERISA compliance
A fiduciary can be held personally liable for errors and omissions in administering your company’s employee benefits. Fiduciary policies are broader than Employee Benefits Liability coverage. It not only covers administrative errors and omissions but also your personal liability for a breach of duty in connection with an employee benefit plan.
ERISA Bond (ERISA compliance)
Every employee benefit plan, by law, is required to have an ERISA bond.
The ERISA bond can be purchased as a stand-alone policy or included within a BOP/commercial policy. The ERISA bond pays the employee benefit plan in the event of a theft of plan assets.