FIDUCIARY RESPONSIBILITY
Dear (Customer Name):
How do you know if you have the right Fiduciary Liability policy? Take the insurance buyers' ERISA quiz:
| 1. | Does your policy limit coverage to people defined as 'fiduciaries'? | Y / N |
| 2. | Does your policy limit coverage to wrongful acts of insureds only? | Y / N |
| 3. | Does it limit defense costs within the limits of Liability? | Y / N |
| 4. | Does it limit loss to damage by definition, and exclude non-pecuniary claims? | Y / N |
| 5. | Does it exclude employee benefits liability? | Y / N |
| 6. | Does it exclude outside persons as insured fiduciaries? | Y / N |
| 7. | Does it contain a limited retroactive acts exclusion? | Y / N |
| 8. | Has your policy been purchased without the advice of a competent legal counsel who has rendered an opinion in writing as to which contract he or she felt offered the broadest coverage? | Y / N |
If you answered 'YES' to any of these questions, chances are you are not aware of the broader coverage that is available. And the real problem is, you would never have known it until you had an uninsured loss.
All policies are not created equal. Although all contracts appear similar, there are differences that can prove to be very costly.
Fiduciary Liability coverage is our business. We can tell you about all your options, and offer you the right policy. Call us today.
Sincerely,