Surety Matters

Our blog covering the latest in bonds and insurance
ERISA 07.25.2020

Excessive Fee Suits Target CIT Choice Issues

Filed in the U.S. District Court for the Northern District of Illinois, eight former workers of Astella US LLC, a drug company, are suing plan fiduciaries of the company, criticizing the plan’s size and how…
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Excessive Fee Suits Target CIT Choice Issues
Cyber 07.23.2020

Is It a Fiduciary Breach not to Have Cyber Liability Insurance?

Under ERISA, fiduciaries are subject to the prudent expert standard of care, in which they have to act with diligence, care, and skill in their field. They also owe a duty of loyalty to plan…
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Is It a Fiduciary Breach not to Have Cyber Liability Insurance?
ERISA 07.09.2020

DOL Releases New Fiduciary Rule

The Labor Department has revealed its long-awaited fiduciary rule, along with some novel implications for record-keepers, rollover and Pooled Employer Plans advice. Titled “Improving Investment Advice for Workers & Retirees“, the proposal offers a new…
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DOL Releases New Fiduciary Rule
Cyber 06.25.2020

Why Small and medium-sized enterprises are Expanding Cyber Insurance Budgets

During this time of uncertainty, industries are particularly vulnerable to cyber breaches. Last year alone, ransomware targets forfeited over $1.3 billion to hackers, including high-profile victims like hospitals, airlines and retailers. However, small businesses are…
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Why Small and medium-sized enterprises are Expanding Cyber Insurance Budgets
Fidelity Bonds 03.05.2020

Massachusetts Recognizes ERISA in Novel Fiduciary Conduct Standard

On February 21st, 2020, the Massachusetts Secretary of the Commonwealth filed the final rule of a fiduciary conduct standard for investment advisers, their representatives, broker-dealer, and their agents operating in the commonwealth, hired by plan…
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Massachusetts Recognizes ERISA in Novel Fiduciary Conduct Standard
Fidelity Bonds 02.16.2020

Why Should You Bond Your Cleaning Business?

When cultivating a new business, your reputation is but a mere seed sown in luscious soil. One way to help nourish your company’s social standing is by taking steps to ensure customer protection and satisfaction….
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Why Should You Bond Your Cleaning Business?
Fidelity Bonds 01.29.2020

6 Cyber Security Tips for Small Businesses

In this digital province where everyone’s information is found online, it’s a no brainer to make cyber security a priority. When protecting your business and its valuable data, it’s never a smart idea to cut…
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6 Cyber Security Tips for Small Businesses
Fidelity Bonds 01.23.2020

The Benefits of the Partnership Account for Pension Professionals

If you are a pension professional, you understand how taxing it can be overseeing employee benefit plans. As retirement benefits and plans transform over time, fiduciary duties remain obscure and ever-changing.  This process can be…
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The Benefits of the Partnership Account for Pension Professionals
Fidelity Bonds 11.21.2019

What Protection Can Janitorial Bonds Provide for Cleaning Companies?

When you operate your very own cleaning service, your hard-working employees likely have unsupervised access to private offices and residences. Though you may put significant trust in your workers, there is still opportunity for them…
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What Protection Can Janitorial Bonds Provide for Cleaning Companies?