What Is ERISA Fidelity Insurance?
ERISA Fidelity coverage is a type of insurance that helps protect an employee benefit plan against losses caused by acts of fraud or dishonesty, such as larceny, theft, embezzlement, forgery, misappropriation, wrongful abstraction, wrongful conversion and willful misapplication. The Employee Retirement Income Security Act of 1974 (ERISA) was enacted as federal law and instituted a fidelity bond requirement for plan trustees operating in the private sector, and it defined the coverage limit requirements.
Travelers Knows ERISA Fidelity
Travelers offers an ERISA Fidelity policy tailored with several unique features solely for employee benefit plans that are subject to ERISA.
Travelers helps businesses understand ERISA Fidelity insurance.
Who Is ERISA Fidelity Insurance Right For?
• Financial Institutions
• Nonprofit Organizations
• Private Companies
• Public Companies