Published on The Center for Due Diligence (http://www.thecfdd.com)
Fiduciary Liabiity & E&O Insurance For ERISA Plans: Most Don't Have It

Fiduciary Liabiity & E&O Insurance For ERISA Plans: Most Don't Have It [1]
02/02/2010

Most small plan sponsors lack fiduciary liability insurance and while they may not realize it, most advisors lack E&O coverage for fiduciary services provided to ERISA plans. In addition to little if any licensing, CE and net worth requirements, small RIA shops may not have ANY insurance. Non-specialized insurance brokers who sell E&O coverage have added to the confusion and contributed to the inadequate coverage.

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Source URL: http://www.thecfdd.com/node/4520

Links:
[1] http://www.thecfdd.com/files/insights/FiduciaryLiabilityE&O.pdf