ERISA/Pension Fidelity Bonds and Fiduciary Liability Insurance As a courtesy to plan sponsors who require ERISA/pension fidelity bonds and fiduciary liability insurance, TWG maintains a referral link to Colonial Surety Company. Fidelity bonds are available for plan sponsors, service providers, and multiemployer plans. Fiduciary liability insurance coverage is available for plan sponsors and pension professionals. This coverage protects against claims due to actual or alleged fiduciary breaches and provides defense costs and penalties if sued for fiduciary decisions.