Fiduciary Liability

Fiduciary Liability Policy protects those who manage pension plans and employee benefit plans against any violations of the Federal Erisa Law, State and Local Government Laws. Group Life and Medical Plans, as well as, private pension and retirement plans, are all within the guidelines of the law.


There are two types of coverage:

• Fidelity Bonds (Erisa Bonds) that are required by the Erisa Law. They are in case of dishonest situations that the administration or trustees have financially harmed an employee’s benefit and/or their beneficiaries.

• Employee Benefit Liability Insurance which will cover claims out of Errors and Omissions in the administration of the benefit plan, not correctly enrolling an employer or when they have not given the proper advice or information regarding benefits that are covered under this policy.

Contact M&R Insurance Agency at (516) 284-1020 or e-mail us at mnr@mnrinsurance.com if you have any questions or in need of further information regarding Fiduciary Liability Coverage.