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Fiduciary Liability Insurance in Florida

Florida § 627.6692 covers qualifying small-employer group plans when federal COBRA or Public Health Service Act continuation is unavailable; ordinary continuation is at least 18 months. A beneficiary disabled at the qualifying event may qualify for up to 11 more months if the Social Security determination is submitted on time. The carrier may contract with the employer, which may use a designee only with carrier consent under a separate addendum; the agreement does not relieve the carrier of its statutory duties. 2

What Is Fiduciary Liability?

Fiduciary liability can protect your company and plan fiduciaries when participants claim mishandling of an employee benefit plan. If you sponsor a retirement or health plan, check who is insured and whether both administration errors and fiduciary-breach claims are addressed. Read the national Fiduciary liability guide.

What to Watch for in Florida

  • Check Federal Eligibility First

    Florida § 627.6692 does not apply when COBRA or Public Health Service Act continuation is available. Its small-employer definition is fewer than 20 employees; verify federal continuation status and group-plan eligibility before using Florida's deadlines. A beneficiary disabled at the qualifying event may receive up to 11 additional months (29 months total) if the SSA determination is delivered to the carrier within 60 days after determination and before the initial 18 months end; the premium may be up to 150% of the group rate during that extension. 2

  • Get The Separate Administration Addendum

    The carrier may contract with the covered employee's employer; the employer may contract with its designee only if the carrier consents. The agreement must be in a separate policy addendum and does not relieve the carrier of its statutory duties. A carrier cannot condition small-employer coverage on the employer performing these duties. Ask for the addendum and map who sends notices, receives elections and processes premiums. 2

  • Map Discretion Separately From Delegation

    A task addendum shows who performs the work, but it does not by itself establish who is an ERISA fiduciary or an insured under this policy. Federal fiduciary status turns on functions such as discretionary administration; compare the assigned tasks with the people and entities actually named in the quote. 2,1

Who Regulates Insurance in Florida

Florida Office of Insurance Regulation

The Florida Office of Insurance Regulation licenses and regulates insurance companies and reviews rates and forms. The Department of Financial Services separately licenses insurance agents and handles consumer insurance complaints; its resource page links to both state license searches. 3,4,5

Surplus-lines tax and stamping office

Reported tax rate: 4.94% of gross premium plus a 0.03% FSLSO service fee for policies effective July 1, 2026 or later When Florida is the insured’s home state, Florida taxes the entire gross premium at 4.94%; the premium definition includes policy and similar insurance charges. The separate FSLSO service fee is 0.03% for policies effective July 1, 2026 or later. Surplus-lines policies do not receive Florida Insurance Guaranty Association protection. 6,7,8

Florida Surplus Lines Service Office

Providers With Documented State Licenses

These providers publish a national listing for Fiduciary liability; the state records document licenses for the entities and roles shown below. Some records rely on company-reported information rather than independent regulator verification. A national listing does not confirm the product is available in Florida. Check the regulator’s license lookup and confirm state availability for your business when requesting a quote.

  • CoalitionCoalition Insurance Solutions, Inc.Insurance producer, Surplus-lines broker · checked 2026-09-28Coalition’s license page lists producer and surplus-lines licenses for Coalition Insurance Solutions, Inc. in all 50 states and the District of Columbia. The page separately lists insurers; this record covers the brokerage entity only. 10
  • CorgiCorgi Insurance Services, Inc.Insurance producer · checked 2026-09-28Corgi’s company producer-license table lists 50 jurisdictions: 49 states and the District of Columbia, including DC license 3003091619. New Mexico does not appear in the table and is not included here; the omission does not establish that Corgi is unlicensed there. The company-reported table has no stated as-of date and does not establish product availability. 11

Questions to Ask Before You Buy in Florida

  1. Does Florida § 627.6692 apply to this group plan, or is continuation available under federal COBRA or the Public Health Service Act?
  2. Has the carrier issued a separate addendum for employer or delegate continuation duties, and who sends notices, receives elections and processes premiums?
  3. Which people have discretion over plan administration, apart from the individuals who perform clerical notice or payment work?
  4. Does the fiduciary quote identify each plan, sponsor and discretionary administrator, and how does its wording address defense costs?

Fiduciary Liability in Florida: FAQ

When does Florida's small-employer continuation law apply? 2

It covers qualifying group health plans of employers with fewer than 20 employees when federal COBRA or Public Health Service Act continuation is unavailable. Ordinary continuation is at least 18 months; a beneficiary disabled at the qualifying event may qualify for up to 11 additional months (29 total) if the SSA determination is submitted to the carrier within 60 days after determination and before the initial 18 months end. The carrier may charge up to 150% of the group rate during that extension. 2

Does a Florida carrier remain responsible if it delegates continuation duties? 2

Yes. The carrier may contract with the covered employee's employer, which may use a designee only with the carrier's consent; the agreement must be in a separate policy addendum and does not relieve the carrier of its statutory duties. The carrier cannot condition small-employer coverage on the employer performing continuation duties. 2

Fiduciary Liability in Other States

Other Coverage in Florida

Sources

  1. 29 U.S.C. § 1002 — Definitions. Office of the Law Revision Counsel, U.S. House of Representatives; § 1002(21)(A): fiduciary status turns on discretionary authority/control over plan management or administration, asset authority/control, or compensated investment advice. Accessed 2026-09-28.
  2. 2026 Florida Statutes § 627.6692 — Florida Health Insurance Coverage Continuation Act. Florida Legislature, Online Sunshine; § 627.6692(2)–(7), especially (3), (4)(h), (5)(b)–(c), and (6)(b): federal-continuation exclusion, fewer-than-20 scope, ordinary and disability-extended duration, delegation chain, addendum, and carrier duties. Accessed 2026-09-28.
  3. Florida Office of Insurance Regulation. Florida Office of Insurance Regulation; Official regulator homepage; insurer regulation. Accessed 2026-09-28.
  4. Resources. Florida Office of the Insurance Consumer Advocate; State page links to DFS agent search and OIR active company search. Accessed 2026-09-28.
  5. Get Insurance Help. Florida Department of Financial Services; Insurance concern and formal complaint intake; consumer helpline. Accessed 2026-09-28.
  6. Florida Statutes § 626.932: Surplus lines tax. Florida Legislature; 4.94% tax on gross premium; home-state taxation; statutory definition of premium. Accessed 2026-09-28.
  7. FSLSO Bulletin 2026-02. Florida Surplus Lines Service Office; Service-fee rate effective July 1, 2026: 0.03%. Accessed 2026-09-28.
  8. Licenses. At-Bay; Current producer introduction and state table; At-Bay Insurance Services LLC; P&C and surplus-lines identifiers. Accessed 2026-09-21.
  9. Licenses and Carriers. Coalition; Licenses and Carriers, re-read 22 September 2026: Insurance Licenses table for Coalition Insurance Solutions, Inc., national producer number 18419475, with producer and surplus-lines numbers for all 50 states and DC including California 0L76155, Georgia 196479, Texas 2199630 and 2205589, Pennsylvania 815731 and 817452, Colorado 539028 and Wisconsin 3000108852. Insurance Carriers table naming, with NAIC numbers, Allianz Underwriters Insurance Company 36420, Arch Specialty Insurance Company 21199, Ascot Specialty Insurance Company 45055, Ascot Insurance Company 23752, Aspen Specialty Insurance Company 10717, Chaucer Insurance Company DAC, Coalition Insurance Company 29530, Fireman's Fund Indemnity Corporation 11380, Fortegra Specialty Insurance Company 16823, Lloyd's of London, MSIG Specialty Insurance USA Inc. 34886, MS Transverse Specialty Insurance Company 41807, Steadfast Insurance Company 26387, Vantage Risk Specialty Insurance Company 16275 and Zurich American Insurance Company 16535. Accessed 2026-09-22.
  10. Insurance Producer Licenses. Corgi Insurance; Current complete Insurance Producer Licenses table for Corgi Insurance Services, Inc.; 50 rows covering 49 states and DC (DC 3003091619); no New Mexico row; no NPN or as-of date shown. Accessed 2026-09-28.
  11. About Hiscox US Insurance. Hiscox; Hiscox Insurance Company Inc. NAIC 10200 as Chicago, IL domiciled insurer admitted or licensed in all 50 states and D.C.; Hiscox Inc. as general agent and Lloyd’s coverholder for Syndicates 33 and 3624; surplus-lines placements through licensed surplus-lines brokers; A.M. Best rating statement. Accessed 2026-09-16.
  12. Licenses. ERGO NEXT Insurance; Current entity-by-state license table reopened 28 September 2026: 50 rows under Next First Insurance Agency, Inc., including Washington, DC; New York rows instead list Next Insurance Services PC-1423070 and AP Intego BR-1198885. Accessed 2026-09-28.
  13. Insurance Licenses by State. TechInsurance; Current state table; identifies TechInsurance as a division of Specialty Program Group LLC d/b/a SPG Insurance Solutions; lists DC 3000041536 and labels Rhode Island “Individual licenses,” without an agency license number. Accessed 2026-09-28.
  14. Licenses. Vouch; Effective 16 January 2025: Vouch Specialty Insurance Services, LLC, NPN 19926463; P&C table (50 states and DC); surplus-lines table includes Idaho 870820; footnote says Georgia and Idaho do not issue agency-level surplus-lines licenses; Idaho retained as producer-only due to conflict. Accessed 2026-09-15.

Updated .

This guide is informational and does not determine whether a policy is available or meets your needs. Editorial policy. To suggest a correction, contact Spot with a supporting source.

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