The U.S. Department of Labor (“DOL”) oversees the administration and enforcement of the Employee Retirement Income Security Act (ERISA). As the DOL advises, ERISA fidelity bonding requirements are intended to protect employee benefit plans from risk of loss due to fraud or dishonesty on the part of persons who handle plan funds or other property. We’ve included the link to the Department of Labor’s Field Assistance Bulletin for guidance regarding ERISA fidelity bonding requirements, which highlights the importance of using a U.S. Department of Treasury Approved Surety. These approved sureties or reinsurers are insurance carriers authorized by the Treasury to bond ERISA plans. Check if your crime carrier is Treasury Listed (T-Listed) by following this link: Treasury Listed Sureties.
At Berkley Crime, we integrate ERISA fidelity bonding for employer-sponsored plans into our Commercial Crime Policy. Our team of experts is here to assist you with any ERISA bonding questions you may have. Don’t hesitate to reach out!
Make Sure Your Clients Take a Proactive Approach To Protecting Their Business Should a Loss Occur
Make sure your clients have crime insurance. Take the steps to ensure that your clients are covered by calling one of the Berkley Crime team members listed below.
Sincerely,
Michael Beranek
Berkley Crime
Experts focused on your protection. We deliver.
| National Practice Leader Michael Beranek (646) 522-7362 [email protected] | East Regional Manager/Commercial Crime Product Leader Matt McNamara (212) 497-3707 [email protected] |
| West Regional Manager Brian Platt (720) 979-1155 [email protected] | Renewal Team Leader Cheryl Yorio (860) 466-7379 [email protected] |