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Most popular is a stand-alone form or separate fiduciary liability policy. At least two other types of coverage are related to fiduciary liability insurance, and it is important to clarify them. First, fidelity bonds are required by law (ERISA bonding). This is a form of insurance for dishonesty situations.
to understand basic ERISA fiduciary responsibility, including the duty to act pru- dently, the duty of loyalty and the duty to defray plan expenses, as discussed below. And finally, with respect to any employee benefit plan, employers should determine