Euclid Specialty Offers the Penalty Box Umbrella Endorsement

Not sure what penalties are covered in your fiduciary liability policy? Is it in or out? The Euclid Specialty Penalty Box has you covered. Exposure to regulatory and statutory penalties has exploded in recent years - HIPAA, PPACA, 502 (c), (i) and (l), IRC Section 4975, and so on. New penalties are created and assessed every year. But if a new penalty is not listed in your fiduciary policy, then it is probably not covered. Not with the Euclid Specialty Penalty Box. Our unique Penalty Box Umbrella is designed to cover unanticipated penalties - something no other insurance market has offered. How does it work? The Euclid Vanguard Fiduciary Liability policy offers competitive sublimits of coverage for the following: ERISA 502(c) Civil Penalties; PPACA Fines & Penalties, and Section 4975 Penalties, and Voluntary Compliance Program Expenditures. If the assigned penalty sublimit is exhausted, the Penalty Box Umbrella serves as an…