ERISA Fidelity Bond

The Difference Between ERISA bond / fidelity bond / fiduciary bond

An ERISA bond is essentially an amended fidelity bond. All fidelity bonds respond to claims involving dishonest acts on the part of the employer or employees. The ERISA bond, sometimes referred to as a "fiduciary bond," pays claims directly to the plan participants. The fidelity bond pays the claims of the firm which rise from the dishonest acts of the firm’s employees.

 

 

Our Customers Say

Jacquelynne Maloney at the Tonry agency has helped us immeasurably navigating the bonding process.  She took the time to get to know us and develop a complete picture of our company, our goals and objectives, our capabilities, our needs and the history of our company.  Her knowledge of the market allowed her early on to recognize what program would work for our company.  Other bonding agencies simply asked for a copy of our financial statement, balance sheet and work on hand.  They appeared to have no interested in whether we were making cupcakes or nuclear missiles.  Jacquelynne took the time to get to know us personally.  To her we were more than just our financial statement.

President

Richardson Electrical Company, Inc.

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