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Errors and Omissions Insurance (E&O) for Fiduciaries and TrusteesWe offer fiduciary liability insurance and ERISA bonds to managers and administrators of various types of employee benefit plans. We also offer errors and omissions (E&O) insurance, also known as professional liability insurance, to trustees, guardians of the estate, conservators, and receivers. This type of insurance is often called trustee liability insurance. Fiduciary Liability InsuranceFiduciary liability insurance is designed to protect the managers and administrators of employee benefit plans, including:  Pension plans Health/welfare plans Profit sharing plans Other employee benefit plansFiduciary liability insurance is often combined with employee benefit liability insurance to provide comprehensive coverage to plan managers and administrators. We can also offer fiduciaries insurance coverage for directors and officers (D&O) liability insurance and any type of surety bond that may be required, including ERISA bonds. Trustee Liability Insurance (Including Guardianships, Conservatorships, and Receiverships)A trustee legally holds assets for the benefit of another person, the beneficiary. Trustees purchase E&O insurance to protect themselves as the manager or administrator of a trust against claims brought by beneficiaries, creditors, and others. Also included in this class of insurance are guardians of the estate, also known as conservators, and receivers. Trustees have a duty to act in good faith and to invest the assets prudently. Trustees are often responsible for decisions regarding the investment of assets and for the accounting, filing of tax returns, compliance with trust terms, and compliance with laws. We have access to various insurance companies and can provide E&O coverage for most types of trusts, including the following: Revocable living trusts Irrevocable trusts Charitable trusts Testamentary trusts Liquidating trusts Receivership trusts Conservatorships GuardianshipsAs the personal assets of trustees may be at risk, it is vital for trustees to have the proper E&O insurance protection. We can offer trustees, conservators, and receivers policy limits up to $25 million. We can also offer trustees, conservators, and receivers insurance coverage for directors and officers (D&O) liability insurance and any type of surety bond that may be required. Call us at 1-877-245-5887 if you have any questions or wish to discuss your insurance needs. We're looking forward to earning your business. |
