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Expert Analysis

The Ins And Outs Of ERISA Fiduciary Insurance

By José Jara (October 1, 2018, 12:38 PM EDT) -- This article discusses the use of fiduciary insurance in protecting fiduciaries from liability when governing or providing services for employee benefit plans subject to the Employee Retirement Income Security Act. Fiduciary liability insurance is an important, but often overlooked, aspect of a company's risk management plan. This type of insurance covers liabilities resulting from fiduciary errors or omissions when operating employee benefit plans. The insurance is optional and not a permissible substitute for a fidelity bond nor is it typically covered in a corporation's director and officer, or D&O, liability insurance policy....

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