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District of Columbia bonds

District Of Columbia — ERISA Bond

Arrange fidelity protection for your employee benefit plan through this District of Columbia ERISA bond listing. Select a one-year or three-year term and continue to RLI to apply.

Also known as District of Columbia ERISA Bond (1 Year); District of Columbia ERISA Bond (3 Years); District of Columbia ERISA Bonds

2 options on record. Choose the one that matches your requirement, then purchase.

How a fidelity bond works

Fidelity protection responds to covered dishonest acts. The form identifies whose money or property is protected, the covered persons, and the applicable limits.

Bond family
Fidelity bond
Recorded state
District of Columbia
Category
Fidelity & employee dishonesty
Federal programme authority
United States Department of Labor, Employee Benefits Security Administration

What this bond does

The bond protects plan assets against covered losses from fraud or dishonesty by people who handle its funds or property.

Who needs it
Employers and administrators responsible for bonding arrangements for ERISA-covered plan asset handlers, subject to applicable exemptions.
Who is protected
The plan is the insured party. Fiduciary liability insurance and general business liability coverage serve different purposes.

Choose from 2 options

Each option is a separate record. Where a term, bond amount, premium, or E&O limit is known, it is listed; match it to what your requirement asks for.

The coverage amount describes a limit of protection, not the price. Match the requested protection and covered persons to the actual fidelity form. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.

Apply using the federal plan requirement

The District of Columbia label identifies this listing; it does not establish a separate local ERISA requirement. Use the federal framework and your plan's handling circumstances to determine the amount with your adviser.

Both RLI choices leave the amount unstated here. Choose 36 months or 12 months for the intended period, then confirm the insured plan, required sum and effective dates in the provider's application.

Sources

Have these ready

  1. Have the complete plan identity available.
  2. Locate any current bond and its dates.
  3. Identify people with access to or control over assets.
  4. Prepare preceding-year funds-handled information.
  5. Confirm the required amount and any exemption.
  6. Choose the intended period and start date.

Questions about this bond

Is this a District of Columbia licensing bond?

This is ERISA plan fidelity protection under a federal framework. Purchasing it does not obtain a business license or permit.

Is fiduciary liability insurance an alternative?

It does not satisfy the fidelity bonding requirement. It concerns breaches of fiduciary responsibilities rather than the plan's covered dishonesty losses.

Does three years guarantee enough coverage throughout?

The term alone does not establish adequacy. Review the amount and coverage as plan circumstances change.

What does Purchase Now start?

It opens the chosen RLI application in a new tab. Application and issuance are separate; after issuance, check and retain the plan's bond document.

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How can we help you get started?

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