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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.
Litigating the ERISA Fidelity Bond Claim 17 first on section 412 of ERISA, which states that (eJvery fiduciary of an employee benefit plan. . . shall be bonded in a minimum amount: The amount of such bond shall be fixed at the beginningof each fiscal year of the plan.itigating the ERISA Fidelity Bond Claim 21 iv. DISCOVERYAlthough many of the issues discussed above implicate legaldisputes amenable to resolution on sumary judgment, counsel, in thecontext of prepare for a potential trial, should not overlook the need to conduct discovery and consult with experts.