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What is the difference between fiduciary liability insurance and employee benefit liability (EBL?

April 26, 2017benefit EBL employee Fiduciary liability liability insurance

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What is the difference between fiduciary liability insurance and employee benefit liability (EBL?

2 Answers

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Both policies cover administrative errors and omissions; however the EBL policy does not cover ERISA violations. Some companies have added the employee benefit liability endorsement (EBL) to their commercial liability policy (CGL). This approach leaves a gap in coverage for ERISA law claims.

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Posted

Both policies cover administrative errors and omissions, however the EBL policy does not cover ERISA violations. Some companies have added the employee benefit liability endorsement (EBL) to their commercial liability policy (CGL). This approach leaves a gap in coverage for ERISA law claims.