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August 18, 2014

Important Fiduciary Liability Insurance update

The Member Benefits Trust Board of Trustees recently voted to endorse Euclid/Hudson as the new carrier for Fiduciary Liability Insurance for Benefit Funds.

The policy offers several enhancements from the prior coverage such as an increased aggregate benefit of $3 million, enhanced HIPAA coverage and PPACA penalty coverage. The plan year runs from September 1 – August 31.

If you are interested in purchasing this importance coverage for your benefit fund, please contact Laura Calhoun in Member Benefits at 800-626-8101, ext. 1302 or lcalhoun@nysutmail.org.