Articles Tagged - businessinsurance

How to Reduce Risk Using Fidelity Bonds and Fiduciary Liability Coverage

By Wiss, Posted in Employee Benefit Plan Audits

By Craig Erickson  Managing an organization’s employee benefit and retirement plan comes with risks, and potential missteps can affect both the plan administrator and participants. To protect you from those risks, insurance companies offer fiduciary bond — often called fidelity bond — and fiduciary liability coverage. And while the two terms sound similar, there are distinct differences.  Assets and administrators at risk The plan administrator can act, or fail to act, in ways... read more.

Business Insurance Coverage your Physician Practice Should Have

By Wiss, Posted in Healthcare

By Russ Faye Your greatest exposure and risk as a Physician is in the area of Professional Services. Most doctors are aware of coverages in this area, but there is liability when it comes to the business side of a medical practice and this is where other types of coverage become important. Through consultation with a reputable insurance agent, we encourage our clients to consider the following types of coverage: ERISA/Fidelity Bond This coverage is specific to your practice’s retirement plan. ... read more.