Colonial is the leading provider of ERISA related products, offering bonds approved by the Department of Labor. We make it easy for to obtain your bond instantly, as well as purchase retroactive insurance for the years the plan was not previously covered.
Protect yourself with fiduciary liability insurance (FLI) & included Cyber Liability Insurance.
Under ERISA, fiduciaries may be personally liable for a breach of their responsibilities in the administration or handling of employee benefit plans. Under ERISA 410, the plan cannot relieve you of this responsibility with indemnification language. However, it specifically permits persons with personal liability to purchase Fiduciary Liability Insurance.
Did you know the Department of Labor states that not having cyber liability insurance to protect your plan is a fiduciary breach? “Responsible plan fiduciaries have an obligation to ensure proper mitigation of cybersecurity risks”.*DOL
Now offering 1 Year ERISA Bond Packages!
ERISA Bond + Fiduciary Liability Insurance with 50k of Cyber Included for a 1, 2 or 3 year term.
ERISA Protection Packages
EVERY ERISA Package now includes an ERISA Bond + Fiduciary + Cyber Liability Insurance.
Armed with this protection, in addition to your ERISA Bond, you’ll have:
- Legal defense and coverage for penalties against claims of alleged or actual breaches of fiduciary duties. Opt for up to $1,000,000 of Fiduciary Liability Insurance. Defense against lawsuits and regulatory actions related to a cyber breach.
- Expert-led response, notification and crisis management services to prevent a cyber incident from spiraling into a cybersecurity disaster.
- Choose your complete ERISA 1, 2, or 3 year package now, and you’ll have your Department of Labor required ERISA bond, plus the protection of Fiduciary Liability Insurance—and Cyber Liability Insurance too.
- For the greatest value and convenience, choose a 2 or 3 year package, ensuring locked in your rates—and DOL compliance for the term of your bond.
Stand-alone ERISA fidelity bonds are also available.
You can also purchase a 1 or 3-year ERISA bond online. Choose a 3-year term for greater annual savings and extended coverage, which ensures the bond remains U.S. Department of Labor compliant for its entire term.
Colonial is the easy choice.
Colonial is a leading provider of ERISA fidelity bonds, which ensure your retirement or benefit plan is U.S. Department of Labor compliant with ERISA bonding requirements. We’re licensed in all 50 states and U.S. territories and make it easy to obtain your I-Bond® (instant, online surety bond). We also include retroactive ERISA fidelity bond coverage for past years when the plan was not covered.
*Cyber liability insurance not available in Guam, Puerto Rico, the U.S. Virgin Islands, and Mariana Islands.
