A Helpful Checklist When Reviewing Fiduciary Liability Insurance
In an effort to assist ESOP Association (TEA) members become better fiduciary liability insurance consumers, we have developed a checklist suggesting areas in the insurance policy that should be reviewed preferably prior to purchasing the policy. We suggest the checklist below should be reviewed prior to making any decision on purchasing the policy. Is the ESOP covered in the policy definition of “Employee Benefit Plan” or “Retirement” Plan? Does it need...
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