The Employee Retirement Income Security Act of 1974 (ERISA) was enacted to protect employee benefit plans against loss by acts of fraud or dishonesty. The statute instituted a fidelity bond requirement for plan trustees, and it defined the coverage limit requirements. The ERISA policy must equal 10 percent of the funds handled by a trustee or fiduciary with a minimum limit of $1,000 per plan and a maximum limit of $500,000 per plan. Plans holding employer securities are required to carry a maximum limit of $1,000,000.

Crime insurance addresses the most common fidelity threats, including losses due to employee dishonesty, credit card forgery, electronic funds transfer and computer fraud and theft, and disappearance and destruction of property. Obtain a wide range of coverages to help protect your business against financial loss due to certain crimes with crime protection