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Fidelity Bonds and Fiduciary Liability Insurance: Do You Need Both?
Benefits Bryan Cave Link to more items from this source
Mar. 13, 2014
"A fidelity bond is fixed at the beginning of each year for each plan official covered by the bond, and guards the applicable plan against losses due to fraud or dishonesty -- for example, theft -- by any covered plan official. Fiduciary insurance, on the other hand, is designed to insure the plan against losses caused by breaches of fiduciary responsibilities and, simultaneously, protect the covered fiduciary or fiduciaries from any personal liability resulting from such breaches."

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