Management Liability – Fiduciary Liability

Typical Policy Highlights

  • Omnibus welfare plan coverage
  • Coverage for damages under ERISA sections 502(L) and 502(i)
  • Coverage includes any actual or alleged violation of Health Insurance Portability Accountability Act (HIPAA) in the Administration of any Benefit Plan
  • Defense costs coverage in addition to the policy limits coverage available
    • Restrictions apply
  • Coverage for IRS voluntary settlement program claims
  • Worldwide territory and valuation clause
  • Most favorable venue wording for punitive, multiple, or exemplary damages

Typical Insureds

  • The Insured Organization
  • The Insured Plan
  • Directors
  • Trustees
  • Officers
  • Employees
  • Subsidiaries

Coverage Enhancements Available

  • Crime/Employee Dishonesty
  • Insured Organization has the option to purchase the Discovery Period whether the Insured renews or cancels or the Insurer non-renews
  • ERISA-mandated bonds

Submission Requirements Include

Complete the Fiduciary Liability Insurance application below in its entirety

Underwriting Staff

Kathy
Hasted
(302) 765-6021

Email/States Represented

Applications