ERISA Fidelity Bonds
ERISA fidelity bonds are required by the U.S. Department of Labor to protect employer-sponsored retirement plans against losses caused by acts of fraud or dishonesty.
Understanding ERISA Fidelity Bonds
An ERISA Fidelity Bond protects the assets of employee retirement plans against losses caused by acts of fraud or dishonesty. Established under the Employee Retirement Income Security Act (ERISA) of 1974, these bonds serve as a safeguard for pension plans, ensuring that the funds and assets managed by plan sponsors are protected from potential misconduct by individuals who handle plan assets.
Plan Sponsors – Protect yourself with Fiduciary & Cyber Liability Insurance
Fiduciary Liability Insurance safeguards business owners who provide a pension plan on a personal level. Uniquely, our Cyber Liability Insurance covers both the plan and the owner’s business. Under the high standards of ERISA law, a cybersecurity incident can rapidly turn into a fiduciary breach, especially when no insurance or response plan has been put in place. To arm plan sponsors with comprehensive protection, we bundle Cyber coverage with Fiduciary Liability Insurance and the ERISA bond, ensuring all-around protection and compliance.
ERISA Protection Packages
EVERY ERISA Package now includes an ERISA Bond + Fiduciary + Cyber Liability Insurance.
Stand-alone ERISA fidelity bonds are also available.
You can also purchase a 1 or 3-year ERISA bond online. Choose a 3-year term for greater annual savings and extended coverage, which ensures the bond remains U.S. Department of Labor compliant for its entire term.
Colonial Surety Company = ERISA Experts
Colonial Surety Company is a leading provider of ERISA Fidelity Bonds, which ensure your retirement or benefit plan is U.S. Department of Labor-compliant with ERISA bonding requirements. We’re licensed in all 50 states and U.S. territories and make it easy to obtain an ERISA Fidelity Bond or package instantly. We also include retroactive ERISA Fidelity Bond coverage for past years when the plan was not covered.
Cyber Liability Insurance is not available in Guam, Puerto Rico, the U.S. Virgin Islands, and the Mariana Islands.
*Read the published guidance from the DOL titled “Cybersecurity Program Best Practices” here.
These bonds and policies are available for instant quote, purchase, print, or download on your desktop or mobile device.
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Instant & Flexible
We offer a streamlined purchase process that allows you to instantly purchase bonds and insurance online.
Reach
Licensed and admitted in all U.S. states and territories.
Rating
Rated “A” Excellent by A.M. Best Company and U.S. Treasury Listed.
(NAIC #10758)
BUSINESS ADDRESS: 123 Tice Boulevard, Suite 250, Woodcliff Lake, NJ 07677.
PHONE: (201) 573-8788.
SURETY LICENSES c,f/: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, GU, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MP, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VT, VA, VI, WA, WV, WI, WY.
INCORPORATED IN: Pennsylvania.
For more info about surety underwriting limitations read Circular 570 published by the U.S. Department of the Treasury.
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