E-Risk Services - Fiduciary Coverage

Fiduciary Coverage
E-Risk's BAM product is flexible package offering Employment Practices liability, Directors and Officer liability (with full entity coverage), Technology, Media and Professional Services or Miscellaneous Professional Liability, Fiduciary liability and Crime coverage. Any of these coverages can be chosen and separate limits of liability for each coverage are automatically provided.

Defense costs to be in addition to limits of liability

Claim specifically includes any proceeding before the Department of Labor or the Pension Benefit Guaranty Corporation

Coverage for any type of single employer plans, including Employee Stock Ownership Plans

Defense costs coverage for 5% and 20% penalties imposed under 502(i) and 502(l) of ERISA

No discrimination exclusion

Automatic coverage for newly acquired or created plans

HIPAA Coverage

Ability to give Notice of potential claims during Discovery Period

Automatic waiver of recourse provision

Full severability of all exclusions

No retention (when EPL Coverage Section purchased)