Q&A: Professional Liability Insurance for Retirement Plan Service-Providers

Answers are provided by Professional Practice Insurance Brokers, Inc.

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Professional Liability Insurance, also known as Errors and Omissions insurance (E&O), is an important part of business for firms that serve as Pension Actuaries, Pension Administrators & Consultants, and Benefit Administrators & Consultants.

Answers are provided by Professional Practice Insurance Brokers, Inc.

Q&A 31: Volatile Insurance Market Affects TPA's Renewal Premium: September 5, 2001
Q&A 30: Fidelity Bond Vs. Fiduciary Liability Insurance: April 24, 2001
Q&A 29: Two TPA Firms Merging: December 12, 2000
Q&A 28: Potential Trustee Impropriety: September 6, 2000
Q&A 27: Claims are Considered Differently by an Insurer During Review: August 24, 2000
Q&A 26: Third-Party Administrator as an Expert Witness: July 26, 2000
Q&A 25: Could a suit for fees escalate into a counterclaim for professional negligence?: July 4, 2000
Q&A 24: Difference Between Fiduciary Liability Insurance and Professional Liability Insurance for Plan Service Providers: June 19, 2000
Q&A 23: If It Looks Like a Duck, DOL May Argue It Quacks: April 18, 2000
Q&A 22: TPA Considers Becoming the Plan Administrator: April 6, 2000
Q&A 21: Important TPA client partially at fault: March 16, 2000
Q&A 20: Prevailing Party Language in TPA�s Engagement Letter: February 11, 2000
Q&A 19: Revisiting Q&A's 6 and 17: January 26, 2000
Q&A 18: Acquiring another TPA: stock vs. asset purchase: January 12, 2000
Q&A 17: Accounting error prior to takeover: January 11, 2000
Q&A 16: Simplified Renewal Caution: December 20, 1999
Q&A 15: Providing actuarial services for other TPA firms: December 1, 1999
Q&A 14: Unfair Competition: November 24, 1999
Q&A 13: A Dangerous Combination: November 19, 1999
Q&A 12: Arbitration Language and Prevailing Party: October 15, 1999
Q&A 11: Insurance needed by a service-provider who has no employees?: September 27, 1999
Q&A 10: The Application. Wrap your arms around it. Love it.: August 18, 1999
Q&A 9: An Agreement To Arbitrate: June 24, 1999
Q&A 8: Two Policies: June 24, 1999
Q&A 7: Plan Document Oversight: May 26, 1999
Q&A 6: Remedial Risk: April 28, 1999
Q&A 5: e-mail exposure: April 14, 1999
Q&A 4: Personal Injury: March 25, 1999
Q&A 3: Could Be Serious.: March 11, 1999
Q&A 2: A Risk Management Tool To Consider: March 1, 1999
Q&A 1: Respect Prior Acts: January 27, 1999

Important notice: Answers are provided as general guidance on the subjects covered in the question and are not provided as legal advice to the questioner's situation. Any legal issues should be reviewed by your legal counsel to apply the law to the particular facts of your situation. The laws, regulations and court decisions in this area change frequently. Answers are believed to be correct as of the posting dates shown. The completeness or accuracy of a particular answer may be affected by changes in the laws, regulations or court decisions that occur after the date on which that Q&A is posted.