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Kansas bonds

Kansas — ERISA Bond

Choose a one-year or three-year ERISA fidelity bond option for your plan through this Kansas page. Continue to RLI with the amount and plan details your application needs.

Also known as Kansas ERISA Bond (1 Year); Kansas ERISA Bond (3 Years); Kansas 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
Kansas
Category
Fidelity & employee dishonesty
Federal programme authority
United States Department of Labor, Employee Benefits Security Administration

What this bond does

The bond protects an employee benefit plan against covered fraud or dishonesty losses caused by people handling its assets.

Who needs it
Employers and administrators arranging bonding for ERISA-covered plan asset handlers, subject to exemptions.
Who is protected
The plan is insured. Fidelity protection for its assets does not replace fiduciary liability or general business liability insurance.

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.

Keep the plan's requirement separate from the term

Your plan adviser can determine the required amount from funds handled and plan circumstances. Neither the 12-month nor the 36-month RLI choice states a coverage amount here.

ERISA bonding is federal; this Kansas listing establishes no separate state rule. Confirm that the application identifies the insured plan and the intended dates before you complete it.

Sources

Have these ready

  1. Have the exact plan name and identifiers ready.
  2. Locate existing bond documents.
  3. Identify people handling or controlling assets.
  4. Gather preceding-year funds-handled information.
  5. Confirm the amount and any exemption.
  6. Choose the term and proposed effective date.

Questions about this bond

Is this a Kansas licensing requirement?

This product concerns federal ERISA plan fidelity protection. Buying it does not obtain a license or permit.

Who should be identified as insured?

The benefit plan must be named or otherwise specifically identified as an insured party.

Does fiduciary liability insurance satisfy bonding?

No. It addresses breaches of fiduciary responsibilities and does not satisfy ERISA's fidelity bonding requirement.

How does Purchase Now work?

The selected RLI application opens in a new tab. After issuance, check the plan, amount and dates and keep the document with plan records.

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How can we help you get started?

Choose the quote that fits, and we’ll take it from there.

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