Insurance

Fiduciary Liability Insurance

Protects Union Related Funds against fiduciary-related claims of mismanagement of Taft-Hartley Plans.

The New York Labor Health Care Alliance is pleased to offer our members a benefit. Fiduciary Liability Insurance for Taft-Hartley Plans.

Fiduciary Liability Insurance provides coverage for:

  • ERISA Penalties 502(c), 502(i), 502(L)
  • Administrative Errors & Omissions
  • Bilateral Extended Reporting Period
  • COBRA
  • Duty to Defend
  • First Party Benefit Overpayment
  • Full prior acts
  • Hammer/Settlement Clause Deleted
  • HIPAA
  • Investment Loss
  • Non-Fiduciary Defense
  • Patient Protection and Affordable Care Act (PPACA)
  • Plan Sponsor or Settlor
  • Pre-Claim Investigation Defense
  • Prior Acts
  • Severability
  • Spousal and domestic partner
  • Cap Penalties
  • Waiver of Recourse

Coverage notes:

  • Limits available up to $50,000,000 (higher limits available if needed)
  • Multi-year policies available
  • Broad Definition of “Insured”
  • Broad Definition of “Wrongful Act”
  • Voluntary Compliance Program
  • Primary and excess forms available

For more information about additional coverage not listed please contact:  

Robert J. Eberle, Jr.
J. A. Mariano Agency
Office:  800-331-0843
Bob Eberle Cell:  215-805-6693
E-mail: REberle@marianoagency.com


CLICK HERE for the Fiduciary Liability Glossary and Terms of coverage available