Court & Fiduciary Bonds Online, Instantly | The Partnership Account® for Attorneys

WOODCLIFF LAKE, NJ, March 2, 2021 Colonial Surety Company is excited to launch the newest addition in a growing portfolio of digital, direct-to-customer, bond, and insurance products. As an insurtech innovator, Colonial is advancing a streamlined, proprietary, digital platform that...

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Understanding Intestate Succession and Fiduciary Bonds

When a person dies without a will, probate courts rely on intestate succession laws to distribute the assets to heirs. Court-ordered fiduciary bonds can become important in this process. Who Gets What? If there is no will—or if the will...

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What are VA Fiduciary Bonds?

The United States Department of Veteran’s Affairs (VA) cares for, serves and honors America’s veterans. The VA’s “fiduciary program” provides oversight of benefits for the most vulnerable veterans—those who cannot manage their benefits on their own, due to age, injury...

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New York Guardianship Fiduciary Bonds

In New York, a guardian may have to purchase a court ordered guardianship fiduciary bond to protect the person who needs a guardian, not the guardian him or herself. This bond ensures that the ward is repaid any money lost...

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ERISA Plan Sponsor: ERISA Bond Vs Fiduciary Liability Insurance?

Sponsoring a workplace retirement plan comes with significant fiduciary duties and regulatory responsibilities. Under the Employee Retirement Income Security Act (ERISA), plan sponsors are held to strict standards enforced by the U.S. Department of Labor (DOL).To safeguard both your plan’s...

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Explained: ERISA Bonds and Fiduciary Liability Insurance

If you sponsor a retirement savings plan for employees, for the protection of the plan, you are required by law to have an ERISA fidelity bond. It is also critical for retirement plan sponsors to protect themselves, since under the...

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ERISA Bond and Fiduciary Liability Insurance?

Yes! These two different forms of protection exist for different reasons. Experts explain the purpose of each and the important roles these protections play in employer sponsored retirement plans. Understand the coverages you need as a plan sponsor—and how to...

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Protecting the Vulnerable: Fiduciary Duties and Bonds Explained

Protecting the Vulnerable: Fiduciary Duties and Bonds Explained When someone cannot make sound decisions for themselves, a court can appoint a fiduciary to do so. Often, courts require fiduciary bonds to protect “the ward.” Safeguarding The Interests of Another When...

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401(k) Fiduciary Duty Doesn’t End at the Investment Menu

For years, most 401(k) plan sponsors have concentrated the lion’s share of their fiduciary efforts on investments. Pick solid funds, keep an eye on fees, document the process, done. While these actions are vital, a steady stream of ERISA litigation...

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What Is a Replevin Bond, and When Is It Needed?

If someone else is holding onto property that's rightfully yours — a piece of equipment, a repossessed vehicle, financed machinery — waiting for a lawsuit to fully play out isn't always realistic. That's where replevin comes in, and where a...

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