Fidelity Bonds

A fidelity bond provides coverage for dishonest and/or fraudulent acts of employees that could arise in the course of handling money or securities of others.

One variation of the fidelity bond is the ERISA bond which provides coverage for dishonest and/or fraudulent acts of trustees.

Fiduciary Liability Insurance

Fiduciary liability insurance provides coverage for breaches of fiduciary duty by ERISA plan fiduciaries.  Unlike the fidelity bond, fiduciary liability insurance offers plan fiduciaries protection of personal assets.