Fiduciary Insurance

Fiduciary Insurance Program From OnPoint Underwriting

OnPoint Underwriting offers a comprehensive Fiduciary Insurance program designed to protect plan sponsors, fiduciaries, and administrators from liability exposures related to the management of employee benefit plans. Whether your client manages a retirement plan, health benefit plan, or other ERISA-regulated benefits, this program helps safeguard them against claims of mismanagement, errors in plan administration, and other fiduciary breaches.

Backed by multiple carriers and available across all U.S. states, including DC, the program is accessible in both admitted and non-admitted markets, providing flexibility for a range of client needs and risk profiles.

Ideal Accounts and Appetite

This program is a strong fit for agents and brokers working with clients who administer or sponsor employee benefit plans of any size. Ideal accounts include:

• Small to midsize businesses offering 401(k), pension, or health plans
• Nonprofits and educational institutions managing employee benefit programs
• Municipalities and government entities with employee plan responsibilities

You might have a client that recently expanded their employee benefits offering and needs protection against administrative errors. Or perhaps you're working with a nonprofit that wants to reduce its exposure to fiduciary duty claims under ERISA. This program is built to address both scenarios.

Coverage Highlights and Advantages

Fiduciary Insurance Program Highlights:

Defense costs outside the limit
Voluntary compliance loss and delinquent filer penalties coverages
HIPAA Coverage
Enhanced definition of Claim
Sublimit of $100,000 for Voluntary Compliance Loss and
Delinquent Filer Penalties coverage
Civil money penalties imposed for violations of the Pension
Protection Act
Sublimit of $25,000 for civil money penalties imposed for violations
of the Pension Protection Act
Sublimit of $25,000 for civil money penalties imposed for violations
of Section 502© of ERISA
Comprehensive all-encompassing Omnibus plans coverage for all
employee benefit plans with no listing requirement

Underwriting Notes and Minimum Premiums

There is no stated minimum premium, making this program accessible to a wide range of client sizes and risk levels. OnPoint Underwriting works with various carriers, allowing them to tailor coverage solutions and pricing to the unique exposures of each account.

Submissions are reviewed with a focus on plan types, claims history, and the internal controls the insured has in place. The enhanced definitions and sublimits make this an attractive option for clients with complex benefit structures or prior compliance concerns.

Territories and Availability

The Fiduciary Insurance program is available nationwide, including all 50 states and Washington, D.C. With access to admitted and non-admitted markets, agents can place business in both standard and unique risk environments.

Why Work With OnPoint Underwriting

As a specialized Program Administrator, OnPoint Underwriting brings deep expertise in niche liability risks such as fiduciary exposures. Their underwriting team is responsive and knowledgeable, helping agents navigate complex coverage requirements and secure the right protection for their clients. With broad carrier access and a flexible underwriting approach, OnPoint makes it easier for you to deliver competitive, customized fiduciary liability solutions.

Frequently Asked Questions

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