E&O Insurance for Pension and Employee Benefits Third Party Administrators (TPA) and Consultants

We provide errors and omissions (E&O) insurance, also known as professional liability insurance, to the following professionals:

• Third Party Administrators (TPA)
• Pension Actuaries
• Pension Consultants
• Employee Benefit Consultants

A TPA is the administrator of a pension or employee benefit plan. A TPA is responsible for the day to day administration of the plan. TPAs are responsible for the contributions made by plan participants, distributions to participants, and must also arrange for the investment of funds.

Pension actuaries provide estimates of the cost and funding requirements of various pension plans. Most pension actuaries work as consultants.

Pension consultants and employee benefit consultants provide advice regarding the design, implementation, and administration of various pension and employee benefit plans.

We work with multiple insurance carriers that can provide errors and omissions (E&O) insurance to third party administrators (TPA), pension actuaries, and pension and employee benefit consultants. We also work with a program which provides professional liability insurance coverage for employee benefits-related services, including*:

• Pension and/or employee benefits third party administration, design and consulting
• Pension and/or employee benefits actuarial services
• Selling or servicing of employee benefit plans
• Selling or servicing of variable products
• Selling or servicing of life insurance
• Selling or servicing of accident and health insurance
• Selling or servicing of mutual funds

* These services are subject to limitations and exclusions. Please refer to the actual insurance policy for details regarding coverage, exclusions, and limitations.

Give us a call to discuss your errors and omissions insurance needs.