Errors and Omissions Insurance for Pension Professionals

Errors and Omissions Insurance for Pension Professionals

Given the complexities of the pension industry, even the most diligent professional can make a mistake, and just one mistake puts you and your business at risk. 

Colonial Surety Company protects pension professionals with comprehensive, industry-specific Errors and Omissions (E&O) insurance. 

Specific Protection for Pension Professionals 

Your clients trust you to navigate the intricacies of retirement plans. However, in an era of volatility, rising litigation, and regulatory uncertainty, even a minor oversight can lead to costly allegations of mistake, failure, or negligence in the performance of your duties.

Your inherent risks as a pension professional make Errors & Omissions (E&O) insurance an essential safeguard. Specifically, Colonial Surety Company’s E&O insurance protects pension professionals against financial losses from claims alleging:

• Negligent acts, errors, or omissions in your professional services.
• Failure to perform a professional duty as promised.

ERISA Expertise: Count On Colonial Surety Company

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.

Our direct, digital service means there are never additional fees or time lost in dealing with middlemen.

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. 

Full Service, Complete Protection

In addition to providing pension professionals with protection for themselves, we make it easy and efficient to keep plan sponsor clients compliant and protected as well. Our efficient, bundled packages provide exceptional value and coverage. 

For Pension Professionals, Colonial Surety Company offers:

• Errors & Omissions Insurance
• Fiduciary Liability Insurance
• Cyber Liability Insurance
• Service Provider Bonds

For Retirement Plan Sponsors, Colonial Surety Company offers:

• Fiduciary Liability Insurance
• Cyber Liability Insurance 
• ERISA Fidelity Bonds

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