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Schinnerer is now offering a stand-alone fiduciary policy for not-for-profit organizations. Keeping D&O and fiduciary coverage with the same carrier means easier claims handling and greater convenience. And with our stand-alone policy, your client gets a dedicated fiduciary limit-up to $3 million. Options with no retention and a $1 million limit are also available. The stand-alone fiduciary policy is also backed by the service and expertise that you've come to expect from Schinnerer.
Policy Highlights
Contact:
Dean C. Townsend (301) 961-9835
Dean.C.Townsend@Schinnerer.com
Minimum Premium: $800
Limits: $1 million - $3 million
Target Risks/Classes: Non-profit organizations: Agricultural cooperatives, alumni associations, civic organizations, clubs, community groups, cultural centers, foundations & charities, golf & country clubs, museums & historical societies, rural water authorities, social service providers without childcare operations and trade and professional associations. Classes not writing: Hospitals, nursing homes, HMOs, PPOs, churches and condominium and homeowners' associations, childcare, adoption and foster care organizations
Available: In all states and the District of Columbia, except LA, ME and VT.
Program Features:
- Policy protects against a wide range of exposures, including:
- Breach of fiduciary duties under ERISA and similar statutes
- Negligent errors and omissions
- Mismanagement of pension funds and investments
- Negligent supervision of outside professional plan managers
- Faulty advice or counsel
- Improper disclosure to plan participants
- Improper termination of a pension plan
- Coverage extends to directors, officers, trustees and employees who act as fiduciaries or administrators as defined by ERISA
- Coverage included for:
- Monetary and non-monetary claims
- Civil, criminal and regulatory proceedings or investigations, as well as arbitration
To apply for full coverage, please print the application, fill it out and send it to your broker. If you do not have a broker, select a broker in your state, or give us a call at (301) 961-9800 for the name of a broker near you.
(Please note: these documents are in the Adobe Acrobat Portable Document Format [PDF]. Before viewing it, you may need to download the Adobe Acrobat Reader. The free Adobe® Acrobat® Reader allows you to view, navigate and print PDF files across all major computing platforms.)
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