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How Much Do You Know About Fiduciary Liability Insurance?

Segal's National Fiduciary Liability Insurance Practice (NFLIP) created this brief test to allow you to find out how well you know which type of coverage would apply in various scenarios. Your results will be kept confidential.

1. Examples of Common Risks and Coverage that Might Provide Protection

Examples of Common Risks and Coverage that Might Provide Protection
Risks	Sources of Possible Protection
	Fidelity Bond	Fiduciary Liability Insurance	EPLI
An audit of plan files uncovers that a number of files are missing QDROs.
Participants in a defined contribution plan receive an inflated valuation report and withdraw the reported balance. The error was due to a miscalculation by: A plan employee An employee of a third party administrator The investment management firm
A former fund office employee sues the plan
A TPA employee embezzles plan assets
An employee alleges a lesser qualified employee received a promotion he or she should have received
A participant sues because a plan has suspended his or her pension
An investment manager invests plan assets in a Ponzi scheme