Michael Christian

2 weeks ago | mondaq.com | Michael Corkery |Michael Christian

Key Takeaways:Fidelity bonds are not interchangeable with fiduciary orD&O insurance. Each policy type serves a distinct risk categoryand compliance role. Coverage is required regardless of plan size or auditexemption. Even small plans or those not subject to audit may benoncompliant without proper bonding. Cybersecurity coverage is not automatically included. ERISAbonds must be reviewed to confirm whether cyber-related risks areaddressed.