Pension Professional

As a fundamental safeguard, Errors & Omissions Insurance (E&O) for pension professionals provides coverage against losses from any actual or alleged negligent act, error or omission. It protects you and your company from claims if your client alleges that you or your company was professionally negligent or failed to perform professional duties.

Under ERISA, fiduciaries may be held 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. Covering yourself with Fiduciary Liability Insurance gives you a piece of mind that you are protected. Learn how to bundle your ERISA bond and Fiduciary Liability Insurance for a discounted rate.

                more than just erisa bonds               

Colonial is an insurance company that does not only provide ERISA bonds to plan sponsors, but multiple products for pension professionals as well.  Easily obtain industry specific protection for yourself with errors & omissions and fiduciary liability insurance.  But that is not all Colonial has to offer.  We have designed a way for pension professionals to work smarter. The Partnership Account® provides pension professionals with FREE ERISA plan tools to simplify the 5500 filing process.

 

 

Colonial Surety Covers Policies For: 

Third Party Administrator,  Investment Advisor Representative, Registered Investment Advisor, Registered Representative of a Broker Dealer, Enrolled Actuary, and 3(16)


Colonial Surety Company has formed a partnership with CEFEX to offer preferred rates for E&O coverage to pension professionals who achieve industry certifications through the Centre for Fiduciary Excellence (CEFEX).  Don’t forget to identify that you are CEFEX certified when receiving a quote.

cefex logo

To learn more about a CEFEX certification please visit www.cefex.org.

Fiduciary Liability Coverage

 

Its alarming how many fiduciaries do not know the risks they hold every day. With our Fiduciary Liability Insurance, coverage includes defense costs and penalty limits up to $1,000,000. Watch the video below to learn more about why you need fiduciary liability insurance.

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The process is simple
create an account create an account

get started by creating a login and password to access The Partnership Account®

receive a referral code receive a referral code

linking all of your plan sponsors to your Colonial Dashboard

purchase bonds purchase bonds

start ERISA bond application for your Plan Sponsors, or send them your referral code.

track bond compliance track bond compliance

All colonial bonds purchased with your referral code will be linked to your Dashboard.

get started

need assistance?

Robyn McNair

Strategic Partnership Manager

Randi Ploshnick

New Business Development
Representative, ERISA
view the ERISA team