Rockwood Specialty has been a premier provider of management liability coverage since 1998. Our focus is on the brokerage of management liability products. We have the expertise to assist in evaluating your client's coverage needs and placing them in the markets best suited to those needs.

Fiduciary Liability

The Employment Retirement Income Security Act (ERISA) mandates that a fiduciary of an employee benefit plan act solely in the best interest of participants and beneficiaries. Individual plan administrators are held personally liable for any breach of their fiduciary responsibilities, jeopardizing both corporate and personal assets!

Some other things your clients should know:

The ERISA-mandated fidelity bond does not cover a plan administrator's fiduciary liability exposure.
Delegating all aspects of plan administration to another party does not eliminate an employer's fiduciary responsibilities. The employer must investigate the financial stability of the firm and periodically monitor its performance.
ERISA-related legal actions have become so prevalent that plan fiduciaries now surpass the medical profession as a target for litigation.

Rockwood’s newest coverage offering is designed to economically provide expert defense and insurance liability protection against any breach of duty allegations. The plan is comprehensive, affordable, and can even be expanded to include the ERISA-mandated fidelity bond! All coverages are underwritten by insurance companies rated “A” or better by A.M. Best.

Lead Underwriter

Tom Nolan
Toll Free: 1-800-330-7571
Fax: 302-765-2088
Direct Dial: 302-765-6004
tom.nolan@rockwoodinsurance.com

Rockwood Specialty, Inc.

The Wholesale Brokerage Company with Diversified Expertise

4001 Miller Road, Wilmington, DE 19802-1999

Tel: 800-330-7571 Fax: 302-765-2088