What Does An Erisa Bond Cover - Erisa bond coverage protects against losses caused by fraud or dishonesty on the part of plan officials or fiduciaries. The bond ensures that plan participants (employees) will receive compensation for financial harm if the fiduciary causes a loss. Erisa bonds cover losses caused by acts of fraud or dishonesty by anyone handling funds or other property of the plan.
The bond ensures that plan participants (employees) will receive compensation for financial harm if the fiduciary causes a loss. Erisa bond coverage protects against losses caused by fraud or dishonesty on the part of plan officials or fiduciaries. Erisa bonds cover losses caused by acts of fraud or dishonesty by anyone handling funds or other property of the plan.