Fiduciary Liability Insurance For Pension Professionals
Covers you as the fiduciary, and your business, against claims of actual or alleged breaches of duty.
What This Coverage Protects
Fiduciary-Related Claims
You are protected from claims arising from:
- Improper investments
- Breach of fiduciary responsibilities
- Failure to meet fiduciary obligations or duties
Defense Costs
Coverage includes defense expenses associated with employee benefit plan–related lawsuits, which can be financially devastating without proper insurance.
Why Pension Professionals Need This
As a professional serving pension plans:
- Regulations and expectations are increasing
- Lawsuits and fiduciary breach allegations are on the rise
- You can be held legally responsible—and personally liable—for mistakes
- Even an unfounded allegation can disrupt your business
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. Our efficient, bundled packages offer 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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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.
Frequently asked questions
