Dear Mr. Perry,
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Provides employer coverage for liability arising out of errors or omissions in the administration of an employee benefit program, i.e., failure to advise employees of benefit programs. This does not cover Fiduciary Liability as a result of ERISA compliance.
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Millions of Americans donate time—their most valuable asset—to serve as a volunteer board member on non-profits, booster clubs, churches, PTAs and civic organizations, just to name a few. The decisions these folks make can have a dramatic impact on their respective organization—and not always for the better. If a volunteer endeavor goes bad, would a volunteer board member have coverage against a lawsuit under his or her homeowner’s policy?
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Following is just a sample of the types of insurance policies needed by owners of virtually every kind of business:
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