According to the ERISA Act of 1974, an ERISA fidelity bond is a Department of Labor required insurance that protects the plan against losses caused by acts of fraud or dishonesty. Having a bond that is approved by the DOL, Colonial is one of the leading providers of ERISA related products. Not only can you obtain your bond instantly, you can purchase retroactive insurance for the years the plan was not previously covered.
But are YOU protected?
Fiduciary Liability Insurance
Where the ERISA Fidelity Bond is set in place to protect the participants of the plan it, however, does not protect YOU as the fiduciary. Watch our video to learn how to protect yourself with Fiduciary Liability Insurance.