To meet the need for ERISA (Employee Retirement Income Security Act) fidelity bonds among small to midsize business owners, we offer:
Stand-Alone Fidelity Coverage – Although ERISA coverage is often added to a company’s standard crime policy, The Hartford offers a streamlined fidelity bond specifically for this purpose. In the event of an embezzlement involving both company assets and employee benefit plan assets, the employee benefit plan must be repaid first. Because this has the potential to exceed coverage limits, to ensure company operations can be made whole, consider adding this stand-alone coverage.
Clear Language – Our ERISA Fidelity Bond incorporates the terminology “funds or other property” and ”fraud or dishonesty” directly from the statute, and provides automatic coverage for ERISA employee welfare or pension benefit plans of the sponsoring company, without having to name each plan. By using language directly from the law, our bond helps provide the broad coverage your business clients need for compliance with ERISA standards.