Welcome to United Members Insurance!


800-940-5432 (Toll-free)

Contact Us For A Free Quote
info@unitedmembersinsurance.com

Available for Taft-Hartley Funds, Apprenticeship Funds and Municipalities. Protects Fund, their trustee and employers against claims alleging breaches of fiduciary duties and responsibilities with respect to the administration and operation of a trust.



Trustees Error & Omissions (Fiduciary Liability)

This policy includes: (We can explain upon request)

• Broad definitions of "Insured", "Claim", and "Wrongful Act"
• Right to select counsel to defend claims
• Coverage for ERISA Section 502(i) and (I) civil penalties
• Broad IRS penalty coverage endorsement, including CAP, VCR and TVC
• Broad HIPAA penalty coverage endorsement
• Severability with respect to application
• Severability with respect to exclusions
• Limits of liability up to $10 million
• Bilateral Extended Reporting Period (ERP) up to six (6) years
• Defense cost coverage for claims arising from allegations of criminal activity or fraudulent acts until the insured is determined to have committed the wrongful act
• Offers other appealing policy features such as coverage for spousal liability, merged and terminated trust funds, administrative errors and omissions, U.S. Department of Labor and PBGC investigations, and for claims brought worldwide

The broad definition of "claim" includes both demands for monetary damages and/or injunctive or other equitable relief (non-pecuniary damages).