Euclid Specialty is pleased to announce publication of
the Fiduciary Liability Insurance Handbook.
This handbook is the definitive guide for fiduciaries and advisers of employee benefit plans.
- The Nuts and Bolts of a Fiduciary Policy
- Cutting-edge Coverages
- ERISA Fidelity Bond vs. Fiduciary Insurance
- Application Process
- Commonly Asked Questions
- Selecting the Right Policy Limit
- Checklist of Key Provisions
- Waiver of Recourse
- Claims Handling
- And More!
Our goal is to make one thing obvious: fiduciary liability insurance is not a commodity. A quality scope of coverage from an insurance carrier with fiduciary expertise and experience is an essential component of your employee benefit and risk management portfolio.
Fiduciary Liability Insurance Handbook Posts
What is Waiver of Recourse? The ERISA-mandated recourse provision discussed in the preceding section – which applies if the fiduciary insurance is paid out of plan assets – means that a breaching fiduciary’s personal assets would still be at risk for all losses caused by the fiduciary...
Who Can Pay for Fiduciary Insurance? ERISA does not require that a benefit fund or trustee purchase fiduciary insurance, but a fiduciary faces significant personal exposure without it. Importantly, ERISA generally prohibits a benefit fund from excusing a fiduciary from liability for breaches of...