Fiduciary Liability

See how our new fiduciary policy stacks up against the competition.

What makes RLI’s fiduciary liability policy so good?

• Insured Person explicitly includes estate, heir, legal representative or assign as well as a trust
  which holds assets contributed – in the event of death, incapacity or bankruptcy.
• Loss explicitly includes coverage for HIPAA penalties with no retention applicable.
• ERISA definition explicitly includes HIPAA.
• Insured Plan explicitly includes cafeteria plan, dependent care assistance program, and fringe benefit
  and voluntary employees’ beneficiary association as defined in sections 125, 129, 132 and 501(c)(9) of
  the U.S. Internal Revenue code.
• Claim explicitly includes a written request to toll or waive a statute of limitations relating to a potential claim.
• Claim explicitly includes demand for arbitration

RLI EPG products feature:

• Available in excess coverage (Pure follow-form coverage sits over all coverages.)
• Automatic merger and acquisition and automatic run-off coverages
• Broad punitive damage and spousal liability coverages
• Zero retention for investigative costs coverage for favorably resolved claims
• A three-year discovery quote guaranteed
• Investigations are included in the definition of claim
• “Pay on behalf of” language
• Claim notice “as soon as practicable”
• Non-cancellability (except for non-payment of premium)
• Worldwide coverage
• Crime/KRE: Only to insureds who also purchase other EPG coverages — one or a combination of the following: D&O, fiduciary and EPL.

Fiduciary liability appetite guide

Includes but not limited to:

• Public: Any publicly traded company with details of how much employer stock in the DBP’s and DCP’s.
• Private: Any private company that does not have a leveraged ESOP.
• Not for Profit: Any not-for-profit organization.
• Labor Management Trust (LMT): Only local labor unions, no national labor unions
• Governmental entities
• Churches

RLI offers limits of up to $25 million on all our product lines. RLI is rated “A+” (Superior) by A.M. Best, “A+” by Standard & Poor’s, and has appeared in the Ward’s 50, a respected benchmark group of the insurance industry’s top performing companies, every year of the list’s existence.