Governmental Fiduciary Liability Insurance: Protecting Trustees

Are your governmental benefit plan clients protected by fiduciary liability insurance? Euclid Specialty has published an article featured in PRIMA’s Public Risk Magazine - Governmental Fiduciary Liability Insurance: Protecting Trustees – detailing the risks and fiduciary exposures of Trustees faced with personal liability. While serving on governmental plan boards, many trustees falsely believe sovereign immunity and statutory indemnification provisions provide foolproof protection. As the article explains, the best and only reliable way to protect against personal liability is through the purchase of fiduciary liability insurance. Link to Full Article The article reviews: Why governmental trustees have fiduciary exposure despite not being subject to ERISA The limits of governmental indemnification, including sovereign immunity and statutory indemnification provisions which, unlike ERISA, are not uniform and vary from state to state Increase in claims against governmental plans Key features of governmental fiduciary liability insurance The need for trustees to purchase fiduciary liability insurance…

While Markets Non-Renew Coverage Euclid Exec Offers Enhancements

Was Your Account Recently Non-Renewed? Your Account Has Been Non-renewed. In this uncertain market there have been too many carriers that are “in one minute and out the next." At Euclid Exec we pride ourselves on our ability to remain consistent during volatile times. Our underwriting philosophy is geared towards writing hard-to-place risks and we welcome that challenge. Instead of worrying about which markets you need to approach and scrambling for last minute responses from inexperienced underwriters let us help you manage the risk. The next time one of your carriers sends a letter with the words “change in underwriting guidelines” think about Euclid Exec because we make the simple things easy and the difficult things easier. Euclid Exec Now Offering Enhanced Coverage On Excess Liability Form Continuing our focus on the challenges our customers face in today’s marketplace, we are proud to announce our latest enhancement to our Parallel…