Recommended EBL coverage includes:
Dishonesty Coverage
Dishonesty coverage protects your trucking business from theft of funds by a program administrator. Dishonesty coverage is mandated by federal law.
Dishonesty Coverage
Dishonesty coverage protects your trucking business from theft of funds by a program administrator. Dishonesty coverage is mandated by federal law.
Fiduciary Liability Coverage
Fiduciary Liability coverage protects your business from errors in the management of employee benefits, pension plans, and plan assets.
Fiduciary Liability Coverage
Fiduciary Liability coverage protects your business from errors in the management of employee benefits, pension plans, and plan assets.
Employee Benefits Liability Coverage
EBL coverage protects your trucking business from legal liability from errors, omissions, and negligence in administering your employee benefits programs.
Employee Benefits Liability Coverage
EBL coverage protects your trucking business from legal liability from errors, omissions, and negligence in administering your employee benefits programs.
Why do trucking companies get Employee Benefits Liability Coverage?
One of the primary reasons trucking companies purchase EBL coverage is to pay for legal defense costs.
While your company may have a great Commercial General Liability policy, General Liability doesn’t cover financial injuries caused by clerical errors.
That’s where Great West’s Employee Benefits Liability coverage comes in. It is actually an endorsement (or amendment) that is added to your Commercial General Liability policy that fills the errors and omissions coverage gap for benefits administration. It tends to be one of the least expensive kinds of insurance, and you can elect coverage up to the limit of your Commercial General Liability coverage.
