Why Do I Need ERISA Fidelity Bond vid

Plans can very easily come under threat. Whether it’s from larceny, forgery, embezzlement, or misappropriation, theft, and fraud are unfortunate facts of plan administration. So how do you protect your plan against those threats of theft and fraud? With a Department of Labor required ERISA fidelity bond, of course. The bond is critical in covering the plan against losses resulting from theft or fraud. The plan is typically the named insured on the bond, with a surety as the party providing the bond. The plan is able to make a claim on the bond as the insured party if a plan official causes a covered loss to the plan due to fraud or dishonesty. To learn more about an ERISA Fidelity Bond, please visit our website: https://www.colonialsurety.com/fideli...