Insurance

Professional Liability Insurance, also known as Errors and Omissions Insurance (E&O), protects your business from claims of negligence related to the professional services you provide. Colonial Surety Company includes $50k of Cyber Insurance with the first purchase of most liability insurance products.

General Liability Insurance protects businesses from claims involving bodily injury, property damage, or personal and advertising injury that occur as a result of normal business operations. It helps cover legal defense costs, medical expenses, and settlements if a business is held responsible for injury or damage to others. Colonial Surety Company includes $50k of Cyber Insurance with the first purchase of most liability insurance products.

Business Owners Policy (BOP) provides protection against many of the risks commonly associated with being in business, such as property and equipment damage, customer injuries, and defense in the event of a related lawsuit. Colonial Surety Company includes $50k of Cyber Insurance with the first purchase of most liability insurance products.

Cyber Liability Insurance provides breach response services, mitigating damage and ensuring that obligatory investigation and notification procedures are implemented.   Protection against lawsuits and regulatory actions are also covered. Basic Cyber Liability Insurance provides affordable, essential coverage for small businesses. $50,000 of coverage is provided for an annual fee of less than $150. Enhanced Cyber Liability Insurance is also available with limits up to 500,000.

Employment Practices Liability Insurance (EPLI) is coverage that protects businesses from claims made by employees alleging wrongful employment practices, such as discrimination, harassment, retaliation, or wrongful termination. It helps cover legal defense costs, settlements, and judgments, providing financial protection for the business, its owners, and management.

When a business offers a pension plan, 401(k), or other ERISA-governed retirement plan, the company and certain individuals automatically assume fiduciary status under ERISA law. Fiduciary Liability Insurance helps protect those fiduciaries from personal and business financial loss arising from alleged errors, omissions, or breaches of duty Fiduciary Liability Insurance protects plan sponsors and other fiduciaries who offer and manage a pension or retirement plan against claims alleging mismanagement of the plan.in the administration of the plan. Through Colonial Surety Company, plan sponsors can obtain the required ERISA Fidelity Bond and, when fiduciary liability insurance is added, receive $50,000 of complimentary Cyber Liability Insurance for comprehensive, full-circle protection.

As the leading national, direct provider of ERISA Bonds, Colonial Surety Company ensures E&O coverage that addresses the most critical risks faced by pension professionals. We work closely with ERISA defense attorneys, and our policies cover legal defense expenses: pension professionals are never left to handle litigation costs on their own—even if faced with baseless claims. With a quick endorsement, Colonial Surety Company ensures our E&O and Fiduciary Liability policies properly cover MEP’s, PEP’s, MEWA’s, union and government pension plans.

Fiduciary Liability Insurance for pension professionals protects against claims alleging breaches of fiduciary duty arising from the administration and management of employee benefit plans. This coverage includes legal defense expenses and costs associated with employee benefit plan–related lawsuits, which can be financially devastating without proper insurance in place. Provided directly by Colonial Surety Company, fiduciary liability insurance helps safeguard pension professionals from the professional and financial risks associated with fiduciary responsibilities and regulatory compliance.