Protect your contracting business from the complex risks of employee benefits administration. Employment Benefits Liability coverage safeguards contractors against costly claims arising from benefits errors, omissions, and administrative mistakes while providing essential fiduciary liability protection.
As contractors expand their operations and workforce, managing employee benefits becomes increasingly complex. A single administrative error or benefits oversight can result in significant financial exposure, regulatory penalties, and employee lawsuits. This specialized coverage ensures your business remains protected while you focus on what you do best – building success.
Employment Benefits Liability coverage provides multi-layered protection designed specifically for the unique challenges contractors face in benefits administration:
Protection against mistakes in processing enrollments, changes, terminations, COBRA notifications, and other administrative functions that could result in employee claims or regulatory penalties.
Coverage for breaches of fiduciary duty in managing employee benefit plans, including investment decisions, plan administration, and compliance with ERISA requirements.
Protection when third-party benefit administrators make mistakes that affect your employees, ensuring you're not left exposed for errors outside your direct control.
Coverage for fines, penalties, and legal costs associated with violations of benefits-related regulations, including ACA compliance, HIPAA, and other federal requirements.
Alliance for Contractors integrates Employment Benefits Liability coverage into a comprehensive risk management strategy that transforms how contractors approach benefits administration. Our partnership approach ensures you receive not just insurance coverage, but complete benefits management support.
Tools and resources to manage benefits confidently
Clear understanding of coverage and compliance requirements
Advanced benefits administration technology and processes
Taking responsibility for your benefits program success
Accurate, detailed benefits administration and compliance
Scenario: A terminated employee doesn't receive required COBRA continuation coverage notices within the mandated timeframe, resulting in a lawsuit and regulatory penalties.
Protection: Coverage for legal defense, penalties, and correction costs to provide the employee with proper coverage options.
Scenario: An administrative error prevents an employee's family member from being properly enrolled in the health plan, leading to denied claims and out-of-pocket medical expenses.
Protection: Coverage for the employee's financial losses and legal costs associated with the enrollment mistake.
Scenario: Employees file a lawsuit claiming the company breached its fiduciary duty by selecting inappropriate investment options for the 401(k) plan, resulting in investment losses.
Protection: Defense coverage and potential settlement payments for alleged fiduciary breaches in plan management.
Scenario: Failure to properly track employee hours and provide required health coverage results in IRS penalties under the Affordable Care Act employer mandate.
Protection: Coverage for regulatory penalties and costs to implement proper ACA compliance procedures.
The contracting industry faces unique challenges in benefits administration that make Employment Benefits Liability coverage essential:
Alliance for Contractors doesn't just provide Employment Benefits Liability coverage – we deliver a complete benefits administration support system designed to prevent issues before they occur:
Don't let benefits administration errors threaten your contracting business.
Contact Alliance for Contractors to discuss how Employment Benefits Liability coverage can protect your business while streamlining your benefits administration processes. Our experts will work with you to design a comprehensive solution that fits your specific needs and budget.
Take action now to protect your employees, your business, and your future growth potential.