ERISA Fidelity Bond

Your ERISA Policy is Not

Your ERISA Bond is NOT

Fiduciary Liability Insurance

Fiduciary liability insurance is designed to protect fiduciaries who, although acting in good faith, violate the complex fiduciary rules as expressed in federal rules, regulations, and court rulings. Fiduciaries also need additional protection from liability for acts of co-fiduciaries, especially where a fiduciary should have known of the breach by a co-fiduciary and failed to remedy the breach. Fiduciary liability Iinsurance is a sub-category of errors & omission insurance, and provides additional coverage against a breach by any plan fiduciary. This coverage is not the same as provided by an ERISA bond because it does not insure against criminal acts on the part of a plan fiduciary.

Employment Practices Liability Insurance

Employment Practices Liability Insurance(also Employment known as EPLI and Investment Adviser EPLI) addresses claims made by employees, former employees or potential employees concerning discrimination (age, sex, race, and disabilities), wrongful termination, sexual harassment, and other employment-related allegations. It covers the firm, its directors, officers, employees and former employees.

Errors and omission insurance.

Errors and omission insurance (also known as E&O Insurance) protects your firm, its officers, directors and employees in the event they are sued by clients for any actual or alleged negligent act, error or omission committed in the scope of performing services. Coverage includes legal defense costs even where allegations are baseless. ERISA and fiduciary bonds cover against losses due to a criminal act. The errors & omissions insurance provides employers with coverage against losses due to any actual or alleged negligent acts. Errors & Omissions Insurance is not synonymous with Directors and Officers Liability Insurance.

Directors and Officers Liability Insurance

Directors and Officers Liability Insurance (also known as D&O Insurance) indemnifies directors and officers of a firm if they are sued by stockholders, employees, clients and others in conjunction with the performance of their duties. Coverage extends to claims arising out of alleged errors in judgment, breaches of duty, and wrongful acts related to their organizational activities.

Identity Theft Insurance

Identity Theft Insurance covers a firm in the event that the personal identification data it holds for customers and employees (names, addresses, social security/bank account/credit card numbers) is compromised resulting in identity theft. The coverage responds to any event that has or could result in the fraudulent use of personal identification.  

Tonry Insurance Group can provide each of these coverages as well as other personal lines and commercial insurance. We would be happy to assist you in tailoring a program to fit your needs, please contact us if you have any questions.


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.


Richardson Electrical Company, Inc.