ERISA Policy - Florida — required surety bond in Federal. Apply online in minutes.
An ERISA bond is a specific type of fidelity policy that protects employee benefit plans from financial losses caused by acts of fraud or dishonesty. It guarantees that plan participants' funds are safeguarded against theft, embezzlement, or forgery committed by those managing the plan.
This policy is generally needed by employers, administrators, and financial professionals in Florida who act as fiduciaries for employee benefit plans, such as 401(k)s or pensions. Essentially, any individual who handles or exercises control over the plan's funds must typically be bonded.
Federal regulations generally require this coverage to protect the financial integrity of employee retirement and welfare plans. It ensures that if a fiduciary breaches their trust through fraudulent actions, the plan has a guaranteed source of financial recovery.
To get started, simply click Apply Now to complete our ~5 minute secure online application. Once your application is reviewed and approved, your policy will be delivered directly to you by email. If you have any questions along the way, call Noah Insurance Agency at 814-718-0060.
Premiums vary based on the required coverage amount and the specifics of your plan. Please apply online with Noah Insurance Agency for an exact figure.
Required coverage amounts vary based on the total funds handled by the plan's fiduciaries. You must verify the exact required amount with the regulating federal agency or your plan administrator.
Approval times vary depending on the underwriting process and the details provided in your application. Apply online to get your specific timeline.
Yes, Noah Insurance Agency is licensed nationwide and can assist plan sponsors across the country. Call 814-718-0060 for more information on out-of-state policies.
Send us a note or call 814-718-0060 — a licensed agent will confirm the bond amount and requirements for you.
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