Fiduciary Liability Insurance

Trustees and other fiduciaries of multiemployer and public benefit funds face significant personal liability. For over twenty-five years, fiduciaries have relied on ULLICO Casualty because we understand how to protect them. Our Fiduciary Liability experts update our insurance coverages as liabilities evolve and know how to resolve fiduciary claims to protect the personal assets of our policyholders.

Coverage highlights include a unique “duty to defend” policy form with the policyholder’s right to select counsel because we recognize the importance of allowing our insureds to work with their own defense attorneys. Our Fiduciary Liability [1] policy form includes Pension Protection Act (“PPA”) and Health Insurance Portability and Accountability Act (“HIPAA”) penalty coverage, as well as a broad range of coverage for voluntary compliance programs at the IRS and Department of Labor. We also have the ability to offer up to a $15 million tower of insurance both on a primary and excess basis.

Products are available on Hudson Insurance Company (A.M. Best, A, XV), State National Insurance Company (A.M. Best, A, VIII) and ULLICO Casualty Company (A.M. Best, B+, VII, Secure) paper.  All ratings as of 6/31/2010.

For further information about our Fiduciary Liability program, please contact Craig Arneson [2], Assistant Vice President, Professional Liabilty, Michael Saa [3], Assistant Vice President of Underwriting, Professional Liability, John O'Brien [4], Vice President, Marketing, Daniel Aronowitz [5], President of ULLICO Casualty, or view more contact information on our Fiduciary Liability contacts page [6].