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Understand employee benefits liability and coverage exclusions to protect your business from financial and legal risks Employee benefits liability is a specialized coverage designed to safeguard businesses from errors and omissions that may occur while administering employee benefit plans. Discover vital insights and strategies.
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Learn about workers compensation employers liability coverage & its importance for businesses, minimizing financial risks & protecting employees. Employee benefits liability (ebl) insurance is a specialised coverage designed to protect employers from claims arising due to administrative errors or omissions in the management of employee benefit plans. Phly provides a comprehensive property and liability policy that addresses the unique coverage requirements of manufacturer admitted gl coverage.
Although the fiduciary liability insurance provided $1 million in coverage, because the $200,000 shortfall is attributable to the embezzlement it is not covered
For more information about erisa bonds and fiduciary liability insurance, feel free to contact a member of the employee benefits & executive compensation team.
