Why buy an ERISA fidelity bond AND fiduciary liability coverage? Well, here is your answer!
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@suretyone.bsky.social@suretyone.bsky.socialEmployees sue USI over voluntary benefit commissions. Which policy pays? Not the ERISA bond. Fiduciary liability insurance responds, but the disgorgement carve-out is where the money is. Full analysis on erisablog.com/usi-voluntar... #ERISA #suretybond #ERISAbond #fiduciary #fidelitybond