{"id":405,"date":"2022-05-18T07:53:16","date_gmt":"2022-05-18T07:53:16","guid":{"rendered":"http:\/\/capitolrisksolutions.com\/?page_id=405"},"modified":"2022-06-02T09:36:21","modified_gmt":"2022-06-02T09:36:21","slug":"executive-risk","status":"publish","type":"page","link":"https:\/\/capitolrisksolutions.com\/?page_id=405","title":{"rendered":"EXECUTIVE RISK"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"405\" class=\"elementor elementor-405\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1ccc44ef elementor-section-height-min-height wd-section-stretch elementor-section-boxed elementor-section-height-default elementor-section-items-middle\" data-id=\"1ccc44ef\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-55a3d3d1\" data-id=\"55a3d3d1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t\t<link rel=\"stylesheet\" id=\"wd-int-el-animations-css\" href=\"https:\/\/capitolrisksolutions.com\/wp-content\/themes\/woodmart\/css\/parts\/int-elem-el-animations.min.css?ver=6.3.3\" type=\"text\/css\" media=\"all\" \/> \t\t\t\t\t<div class=\"elementor-element elementor-element-4a989083 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"4a989083\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.6.1 - 23-03-2022 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h1 class=\"elementor-heading-title elementor-size-default\">Executive Risk<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-19462c5 elementor-icon-list--layout-inline elementor-align-center elementor-list-item-link-full_width elementor-invisible elementor-widget elementor-widget-icon-list\" data-id=\"19462c5\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.6.1 - 23-03-2022 *\/\n.elementor-widget.elementor-icon-list--layout-inline .elementor-widget-container{overflow:hidden}.elementor-widget .elementor-icon-list-items.elementor-inline-items{margin-right:-8px;margin-left:-8px}.elementor-widget .elementor-icon-list-items.elementor-inline-items .elementor-icon-list-item{margin-right:8px;margin-left:8px}.elementor-widget .elementor-icon-list-items.elementor-inline-items .elementor-icon-list-item:after{width:auto;left:auto;right:auto;position:relative;height:100%;border-top:0;border-bottom:0;border-right:0;border-left-width:1px;border-style:solid;right:-8px}.elementor-widget .elementor-icon-list-items{list-style-type:none;margin:0;padding:0}.elementor-widget .elementor-icon-list-item{margin:0;padding:0;position:relative}.elementor-widget .elementor-icon-list-item:after{position:absolute;bottom:0;width:100%}.elementor-widget .elementor-icon-list-item,.elementor-widget .elementor-icon-list-item a{display:-webkit-box;display:-ms-flexbox;display:flex;-webkit-box-align:center;-ms-flex-align:center;align-items:center;font-size:inherit}.elementor-widget .elementor-icon-list-icon+.elementor-icon-list-text{-ms-flex-item-align:center;align-self:center;padding-left:5px}.elementor-widget .elementor-icon-list-icon{display:-webkit-box;display:-ms-flexbox;display:flex}.elementor-widget .elementor-icon-list-icon svg{width:var(--e-icon-list-icon-size,1em);height:var(--e-icon-list-icon-size,1em)}.elementor-widget .elementor-icon-list-icon i{width:1.25em;font-size:var(--e-icon-list-icon-size)}.elementor-widget.elementor-widget-icon-list .elementor-icon-list-icon{text-align:var(--e-icon-list-icon-align)}.elementor-widget.elementor-widget-icon-list .elementor-icon-list-icon svg{margin:var(--e-icon-list-icon-margin,0 calc(var(--e-icon-list-icon-size, 1em) * .25) 0 0)}.elementor-widget.elementor-list-item-link-full_width a{width:100%}.elementor-widget.elementor-align-center .elementor-icon-list-item,.elementor-widget.elementor-align-center .elementor-icon-list-item a{-webkit-box-pack:center;-ms-flex-pack:center;justify-content:center}.elementor-widget.elementor-align-center .elementor-icon-list-item:after{margin:auto}.elementor-widget.elementor-align-center .elementor-inline-items{-webkit-box-pack:center;-ms-flex-pack:center;justify-content:center}.elementor-widget.elementor-align-left .elementor-icon-list-item,.elementor-widget.elementor-align-left .elementor-icon-list-item a{-webkit-box-pack:start;-ms-flex-pack:start;justify-content:flex-start;text-align:left}.elementor-widget.elementor-align-left .elementor-inline-items{-webkit-box-pack:start;-ms-flex-pack:start;justify-content:flex-start}.elementor-widget.elementor-align-right .elementor-icon-list-item,.elementor-widget.elementor-align-right .elementor-icon-list-item a{-webkit-box-pack:end;-ms-flex-pack:end;justify-content:flex-end;text-align:right}.elementor-widget.elementor-align-right .elementor-icon-list-items{-webkit-box-pack:end;-ms-flex-pack:end;justify-content:flex-end}.elementor-widget:not(.elementor-align-right) .elementor-icon-list-item:after{left:0}.elementor-widget:not(.elementor-align-left) .elementor-icon-list-item:after{right:0}@media (max-width:1024px){.elementor-widget.elementor-tablet-align-center .elementor-icon-list-item,.elementor-widget.elementor-tablet-align-center .elementor-icon-list-item a,.elementor-widget.elementor-tablet-align-center .elementor-icon-list-items{-webkit-box-pack:center;-ms-flex-pack:center;justify-content:center}.elementor-widget.elementor-tablet-align-center .elementor-icon-list-item:after{margin:auto}.elementor-widget.elementor-tablet-align-left .elementor-icon-list-items{-webkit-box-pack:start;-ms-flex-pack:start;justify-content:flex-start}.elementor-widget.elementor-tablet-align-left .elementor-icon-list-item,.elementor-widget.elementor-tablet-align-left .elementor-icon-list-item a{-webkit-box-pack:start;-ms-flex-pack:start;justify-content:flex-start;text-align:left}.elementor-widget.elementor-tablet-align-right .elementor-icon-list-items{-webkit-box-pack:end;-ms-flex-pack:end;justify-content:flex-end}.elementor-widget.elementor-tablet-align-right .elementor-icon-list-item,.elementor-widget.elementor-tablet-align-right .elementor-icon-list-item a{-webkit-box-pack:end;-ms-flex-pack:end;justify-content:flex-end;text-align:right}.elementor-widget:not(.elementor-tablet-align-right) .elementor-icon-list-item:after{left:0}.elementor-widget:not(.elementor-tablet-align-left) .elementor-icon-list-item:after{right:0}}@media (max-width:767px){.elementor-widget.elementor-mobile-align-center .elementor-icon-list-item,.elementor-widget.elementor-mobile-align-center .elementor-icon-list-item a,.elementor-widget.elementor-mobile-align-center .elementor-icon-list-items{-webkit-box-pack:center;-ms-flex-pack:center;justify-content:center}.elementor-widget.elementor-mobile-align-center .elementor-icon-list-item:after{margin:auto}.elementor-widget.elementor-mobile-align-left .elementor-icon-list-items{-webkit-box-pack:start;-ms-flex-pack:start;justify-content:flex-start}.elementor-widget.elementor-mobile-align-left .elementor-icon-list-item,.elementor-widget.elementor-mobile-align-left .elementor-icon-list-item a{-webkit-box-pack:start;-ms-flex-pack:start;justify-content:flex-start;text-align:left}.elementor-widget.elementor-mobile-align-right .elementor-icon-list-items{-webkit-box-pack:end;-ms-flex-pack:end;justify-content:flex-end}.elementor-widget.elementor-mobile-align-right .elementor-icon-list-item,.elementor-widget.elementor-mobile-align-right .elementor-icon-list-item a{-webkit-box-pack:end;-ms-flex-pack:end;justify-content:flex-end;text-align:right}.elementor-widget:not(.elementor-mobile-align-right) .elementor-icon-list-item:after{left:0}.elementor-widget:not(.elementor-mobile-align-left) .elementor-icon-list-item:after{right:0}}<\/style>\t\t<ul class=\"elementor-icon-list-items elementor-inline-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-inline-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"#\">\n\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Home<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-inline-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-angle-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Insurance Coverage <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e889d12 elementor-section-content-middle elementor-section-boxed elementor-section-height-default elementor-section-height-default wd-section-disabled\" data-id=\"e889d12\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-b278219\" data-id=\"b278219\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3a45e45 elementor-widget elementor-widget-wd_text_block\" data-id=\"3a45e45\" data-element_type=\"widget\" data-widget_type=\"wd_text_block.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t<link rel=\"stylesheet\" id=\"wd-text-block-css\" href=\"https:\/\/capitolrisksolutions.com\/wp-content\/themes\/woodmart\/css\/parts\/el-text-block.min.css?ver=6.3.3\" type=\"text\/css\" media=\"all\" \/> \t\t\t\t\t<div class=\"wd-text-block reset-last-child text-left\">\n\t\t\t\n\t\t\t<p>Including:\u00a0 Directors &amp; Officers Liability, Employee Practices Liability and Fiduciary Liability<\/p><p>Executive Risk is the term used for those coverages that typically apply to the C Suite.\u00a0 The following describes each:<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-dabc887\" data-id=\"dabc887\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a453ff2 elementor-widget elementor-widget-wd_image_or_svg\" data-id=\"a453ff2\" data-element_type=\"widget\" data-widget_type=\"wd_image_or_svg.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\n\t\t<div class=\"wd-image text-center\">\n\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"928\" height=\"531\" src=\"https:\/\/capitolrisksolutions.com\/wp-content\/uploads\/2022\/05\/1.jpg\" class=\"attachment-full size-full\" alt=\"\" srcset=\"https:\/\/capitolrisksolutions.com\/wp-content\/uploads\/2022\/05\/1.jpg 928w, https:\/\/capitolrisksolutions.com\/wp-content\/uploads\/2022\/05\/1-300x172.jpg 300w, https:\/\/capitolrisksolutions.com\/wp-content\/uploads\/2022\/05\/1-768x439.jpg 768w\" sizes=\"auto, (max-width: 928px) 100vw, 928px\" \/>\t\t\t\t\t<\/div>\n\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e6cc3fd elementor-section-content-middle elementor-section-boxed elementor-section-height-default elementor-section-height-default wd-section-disabled\" data-id=\"e6cc3fd\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-08757db\" data-id=\"08757db\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3850e3a elementor-widget elementor-widget-wd_image_or_svg\" data-id=\"3850e3a\" data-element_type=\"widget\" data-widget_type=\"wd_image_or_svg.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\n\t\t<div class=\"wd-image text-center\">\n\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"939\" height=\"562\" src=\"https:\/\/capitolrisksolutions.com\/wp-content\/uploads\/2022\/05\/5.png\" class=\"attachment-full size-full\" alt=\"\" srcset=\"https:\/\/capitolrisksolutions.com\/wp-content\/uploads\/2022\/05\/5.png 939w, https:\/\/capitolrisksolutions.com\/wp-content\/uploads\/2022\/05\/5-300x180.png 300w, https:\/\/capitolrisksolutions.com\/wp-content\/uploads\/2022\/05\/5-768x460.png 768w\" sizes=\"auto, (max-width: 939px) 100vw, 939px\" \/>\t\t\t\t\t<\/div>\n\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-ec4037b\" data-id=\"ec4037b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e162566 elementor-widget elementor-widget-wd_text_block\" data-id=\"e162566\" data-element_type=\"widget\" data-widget_type=\"wd_text_block.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"wd-text-block reset-last-child text-left\">\n\t\t\t\n\t\t\t<p>Directors &amp; Officers Liability (D&amp;O):<\/p><p>The simple explanation is that D&amp;O is a policy to protect corporate directors and officers for mistakes in operation of the business.\u00a0 The types of lawsuits that can be established are never ending.\u00a0 Some of these mistakes cause financial loss to the corporation, even bankruptcy.\u00a0 Investors or debt holders may elect to sue for such losses.\u00a0 Many times, claims or lawsuits are filed for grievances by third parties that are difficult to evaluate financial damages.\u00a0 In addition to the payment of the claim or lawsuit, a D&amp;O policy will respond for legal fees.\u00a0 However, unlike most GL policies, the defense costs directly reduce the limit of coverage to pay the claim or lawsuit.\u00a0 This is called a combined limit of coverage.<\/p><p>\u00a0<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2584ff5 elementor-section-content-middle elementor-section-boxed elementor-section-height-default elementor-section-height-default wd-section-disabled\" data-id=\"2584ff5\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-7950a7b\" data-id=\"7950a7b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-96b77c5 elementor-widget elementor-widget-wd_text_block\" data-id=\"96b77c5\" data-element_type=\"widget\" data-widget_type=\"wd_text_block.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"wd-text-block reset-last-child text-left\">\n\t\t\t\n\t\t\t<p>Employee Practices Liability (EPL):<\/p><p>EPL policies respond when the business and business employees are sued or a claim made for a wrongful act against and employee.\u00a0 While there are many types of wrongful acts covered by an EPL policy, the most common are :\u00a0 Harassment (including sexual harassment), Wrongful Termination and Discrimination.\u00a0 In recent years, legislation has been passed which puts greater responsibility on employers to manage this exposure.\u00a0 EPL can be covered in a D&amp;O policy as well.\u00a0 The D&amp;O and EPL limit can be shared to save money or have a separate limit for each.<\/p><p>\u00a0<\/p><p>\u00a0<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-67c98ce\" data-id=\"67c98ce\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c2fa650 elementor-widget elementor-widget-wd_image_or_svg\" data-id=\"c2fa650\" data-element_type=\"widget\" data-widget_type=\"wd_image_or_svg.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\n\t\t<div class=\"wd-image text-center\">\n\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"880\" height=\"726\" src=\"https:\/\/capitolrisksolutions.com\/wp-content\/uploads\/2022\/05\/tab-FloodZoneChange_Image11.png\" class=\"attachment-full size-full\" alt=\"\" srcset=\"https:\/\/capitolrisksolutions.com\/wp-content\/uploads\/2022\/05\/tab-FloodZoneChange_Image11.png 880w, https:\/\/capitolrisksolutions.com\/wp-content\/uploads\/2022\/05\/tab-FloodZoneChange_Image11-300x248.png 300w, https:\/\/capitolrisksolutions.com\/wp-content\/uploads\/2022\/05\/tab-FloodZoneChange_Image11-768x634.png 768w\" sizes=\"auto, (max-width: 880px) 100vw, 880px\" \/>\t\t\t\t\t<\/div>\n\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-10396fe elementor-section-content-middle elementor-section-boxed elementor-section-height-default elementor-section-height-default wd-section-disabled\" data-id=\"10396fe\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-7e57d08\" data-id=\"7e57d08\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b27a85d elementor-widget elementor-widget-wd_image_or_svg\" data-id=\"b27a85d\" data-element_type=\"widget\" data-widget_type=\"wd_image_or_svg.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\n\t\t<div class=\"wd-image text-center\">\n\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"2000\" height=\"1333\" src=\"https:\/\/capitolrisksolutions.com\/wp-content\/uploads\/2022\/05\/download.jpg\" class=\"attachment-full size-full\" alt=\"\" srcset=\"https:\/\/capitolrisksolutions.com\/wp-content\/uploads\/2022\/05\/download.jpg 2000w, https:\/\/capitolrisksolutions.com\/wp-content\/uploads\/2022\/05\/download-300x200.jpg 300w, https:\/\/capitolrisksolutions.com\/wp-content\/uploads\/2022\/05\/download-1024x682.jpg 1024w, https:\/\/capitolrisksolutions.com\/wp-content\/uploads\/2022\/05\/download-768x512.jpg 768w, https:\/\/capitolrisksolutions.com\/wp-content\/uploads\/2022\/05\/download-1536x1024.jpg 1536w\" sizes=\"auto, (max-width: 2000px) 100vw, 2000px\" \/>\t\t\t\t\t<\/div>\n\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-1ad6874\" data-id=\"1ad6874\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-227b925 elementor-widget elementor-widget-wd_text_block\" data-id=\"227b925\" data-element_type=\"widget\" data-widget_type=\"wd_text_block.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"wd-text-block reset-last-child text-left\">\n\t\t\t\n\t\t\t<p>Fiduciary Liability:<\/p><p>Fiduciary liability insurance is the best form of risk management for protecting the interests of your company and your employees in situations related to benefit plans offered by your company. Fiduciary liability insurance is designed to protect the business from claims of mismanagement and the legal liability arising out of their role as fiduciaries. A fiduciary liability policy covers associated legal costs to defend against claims of errors and a breach of fiduciary duty. One of the reasons why some businesses don\u2019t know much about fiduciary liability is the fact that the ERISA does not legally require it.<\/p><p>There are many different types of employer liability coverages, but only fiduciary liability insurance will protect both the company and the individuals against fiduciary-related claims of negligence, mismanagement, or actions that are not in the best interest of the plan participants.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4fefa6f elementor-section-content-middle elementor-section-boxed elementor-section-height-default elementor-section-height-default wd-section-disabled\" data-id=\"4fefa6f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-42f5f74\" data-id=\"42f5f74\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9af0832 elementor-widget elementor-widget-wd_image_or_svg\" data-id=\"9af0832\" data-element_type=\"widget\" data-widget_type=\"wd_image_or_svg.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\n\t\t<div class=\"wd-image text-center\">\n\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1105\" height=\"1429\" src=\"https:\/\/capitolrisksolutions.com\/wp-content\/uploads\/2022\/05\/84283-organization-text-illustration-business-information-hd-image-free-png.png\" class=\"attachment-full size-full\" alt=\"\" srcset=\"https:\/\/capitolrisksolutions.com\/wp-content\/uploads\/2022\/05\/84283-organization-text-illustration-business-information-hd-image-free-png.png 1105w, https:\/\/capitolrisksolutions.com\/wp-content\/uploads\/2022\/05\/84283-organization-text-illustration-business-information-hd-image-free-png-232x300.png 232w, https:\/\/capitolrisksolutions.com\/wp-content\/uploads\/2022\/05\/84283-organization-text-illustration-business-information-hd-image-free-png-792x1024.png 792w, https:\/\/capitolrisksolutions.com\/wp-content\/uploads\/2022\/05\/84283-organization-text-illustration-business-information-hd-image-free-png-768x993.png 768w\" sizes=\"auto, (max-width: 1105px) 100vw, 1105px\" \/>\t\t\t\t\t<\/div>\n\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-85607eb\" data-id=\"85607eb\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3296d05 elementor-widget elementor-widget-wd_text_block\" data-id=\"3296d05\" data-element_type=\"widget\" data-widget_type=\"wd_text_block.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"wd-text-block reset-last-child text-left\">\n\t\t\t\n\t\t\t<p>Who Is A Fiduciary?<\/p><p>Anyone who is cited in a benefit plan document, as well as anyone who is considered to have decision-making power over the management of the plan and its assets, can be regarded as a fiduciary. Typical fiduciaries are employers, the company\u2019s directors, and officers, and plan administrators and trustees.<\/p><p>What Is ERISA?<\/p><p>The Employee Retirement Income Security Act (ERISA)\u00a0of 1974 is a federal law passed to ensure that employees get the benefits promised in their retirement or welfare plans. Keep in mind that the law doesn\u2019t require the employer to set up such plans \u2013 it just guarantees that their provisions will be fully respected.<\/p><p>ERISA also requires the business to take out a fidelity bond equal to a minimum of 10% of an employee benefit plan\u2019s total assets. This bond serves to protect the plan\u2019s assets from fiduciaries misusing or mishandling the funds in any way.<\/p><p>Keep in mind that\u00a0ERISA bonds are not fiduciary coverage, even though the terms are often used interchangeably. The ERISA bonds will protect the plan itself, while fiduciary liability insurance protects the people in charge of the plan.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Executive Risk Home Insurance Coverage Including:? Directors &amp; Officers Liability, Employee Practices Liability and Fiduciary Liability Executive Risk is the<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-405","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/capitolrisksolutions.com\/index.php?rest_route=\/wp\/v2\/pages\/405","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/capitolrisksolutions.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/capitolrisksolutions.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/capitolrisksolutions.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/capitolrisksolutions.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=405"}],"version-history":[{"count":13,"href":"https:\/\/capitolrisksolutions.com\/index.php?rest_route=\/wp\/v2\/pages\/405\/revisions"}],"predecessor-version":[{"id":687,"href":"https:\/\/capitolrisksolutions.com\/index.php?rest_route=\/wp\/v2\/pages\/405\/revisions\/687"}],"wp:attachment":[{"href":"https:\/\/capitolrisksolutions.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}