ERISA Compliance Coverage
Most companies offering retirement benefits are required by the Employee
Retirement Income Security Act (ERISA) to maintain a fidelity bond to protect
against theft of funds from the retirement plans.
This coverage is distinctly different from Fiduciary liability coverage,
and must be placed in compliance with the ERISA act.
Pension Fund Trustee Liability Insurance protects trustees against parties bringing claims for:
- reach of trust
- Breach of fiduciary duty
- Negligence or maladministration
- Negligent misrepresentation or negligent misstatement
- Defamation
- Other civil liabilities
Lockton Service
The key to our success is working in close partnership with each of our clients. Our specialists take time to listen and to understand your specific goals so that we deliver insurance solutions tailored to your requirements. This approach has earned us the trust of clients all over the world.
The same team that designs, negotiates and implements your business insurance plan with the carrier is also responsible for managing your service needs. This dedicated team approach increases our understanding of your business, allows us to anticipate your needs, and creates accountability and ownership by the team throughout the entire process.
Most insurance brokers promise a high-level of personalized service, but our unique structure allows us to actually deliver on that promise everyday. As a private, family-owned company, all our Associates focus solely on you, our client, rather than public shareholders.
We firmly believe we get business based on our expertise, creative solutions and outstanding service. Just as importantly, our client retention rate of 95 percent reflects our commitment to each and every client.