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DOL Increases Civil Monetary Penalties (PDF)
Euclid Specialty Managers
Aug. 2, 2016
"Most professional liability insurance policies are not designed to cover penalties.... Cutting-edge fiduciary liability insurance companies have filled that void by providing coverage for certain penalties faced by employee benefit plans.... The key questions for trustees of employee benefit plans [are] what penalty coverages do you need and how much coverage do you need."
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