What Types of Insurances Cover COVID-19 Losses?
In light of the recent coronavirus outbreak, more and more people are dealing with insurance-related problems handling the outbreak of the disease. What types of losses are you covered under insurance that could possibly stem…
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The Basics of Fiduciary Liability Insurance
When it comes to the management of retirement plans, a fiduciary’s liability is often misunderstood. Fiduciary liability stems from the strict obligations set in place by the Employee Retirement Income Security Act of 1974, or…
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Massachusetts Recognizes ERISA in Novel Fiduciary Conduct Standard
On February 21st, 2020, the Massachusetts Secretary of the Commonwealth filed the final rule of a fiduciary conduct standard for investment advisers, their representatives, broker-dealer, and their agents operating in the commonwealth, hired by plan…
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What is a Court Bond and How Do You Get One?
Court bonds are surety bonds required to pursue an action in a court of law. The term “court bond” is actually an umbrella term encompassing a multitude of different bonds found in the court system….
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Why Do Plan Sponsors Need Fiduciary Liability Insurance?
When you’re in charge of managing a company’s employee benefit plans, you are entrusted with safeguarding the future of your employees. Nonetheless, if you make mistakes with plan management, even the most innocent error may…
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Why Buy Fiduciary Liability Insurance?
If your company offers a plethora of benefits to your employees including a pension plan, then you are a fiduciary, as is anyone who handles or verses the plan. However, did you know if a…
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