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