Bank ESOP Plans – Pro Liability Coverage – Fiduciary Coverage

Every so often I come across a bank with an Employee Stock Ownership Plan (ESOP).

My approach is to treat the ESOP as a separate legal entity. In many cases directors and officers insurance and fiduciary liability coverage will include an ESOP as insured within the definition of a “plan” and or as a “subsidiary.”

Often you have to make sure the ESOP is listed separately – as ESOPs are not included in the policy definition of “plan.”


Yes! That’s why you need me to review your insurance!