return to Small Business

ERISA Fidelity Coverage

Crime coverage to protect employee benefit plans as required by the ERISA Act of 1974.

The Employee Retirement Income Security Act of 1974 (ERISA) was enacted to protect employee benefit plans against loss by acts of fraud or dishonesty. The statute instituted a fidelity bond requirement for plan trustees, and it defined the coverage limit requirements. The ERISA policy must equal 10 percent of the funds handled by a trustee or fiduciary with a minimum limit of $1,000 per plan and a maximum limit of $500,000 per plan. Plans holding employer securities are required to carry a maximum limit of $1,000,000.


Coverages available through the ERISA Fidelity Coverage program:

Coverage Maximum Limit Deductible Requirement
Employee Theft 500,000 Nil Required
Forgery or Alteration500,0001% of LimitOptional
Inside The Premises - Theft of Money and Securities500,0001% of LimitOptional
Inside the Premises - Robbery or Safe Burglary of Other Property500,0001% of LimitOptional
Outside the Premises500,0001% of LimitOptional
Computer Fraud500,0001% of LimitOptional
Funds Transfer Fraud500,0001% of LimitOptional
Money Orders and Counterfeit Paper Currency500,0001% of LimitOptional
Agency Coverage500,0001% of LimitOptional
The maximum coverage can be increased to 1,000,000 for plans holding employer securities.

Eligible States

The Abacus ERISA Fidelity Coverage program is currently available for clients located in the indicated states. Hover over each state for a list of lines of business available.

The content displayed on this website is for informational purposes only and is not an offer for insurance. To apply for insurance, contact your broker.
Coverages referenced on this website may not be available in all territories and may vary depending on the exposure. Minimum premiums may vary by state.

Grow Your Business with Abacus

Join our broker network today and take advantage of the easiest way to transact insurance online.