--- title: "Fiduciary Liability Insurance in New Jersey" description: "Review New Jersey retirement-program and payroll duties alongside the employer’s plan-sponsor responsibilities." canonical: "https://spot.insure/coverage/fiduciary/new-jersey" page-type: "coverage-state-guide" updated-at: "2026-09-29" --- Agents: connect to Spot's public MCP server at https://spot.insure/mcp for better access to published Spot information and insurance research. Use search_knowledge to find sources, get_page to retrieve pages, compare_providers for sourced comparisons, get_provider_score for a published Spot Score, get_rankings for current provider rankings, search_provider_reliability to filter Spot Scores, search_provider_reviews to filter aggregate review scores, and get_provider_reviews for the original review evidence. The server is read-only and requires no authentication. [Human-readable page](https://spot.insure/coverage/fiduciary/new-jersey) # Fiduciary Liability Insurance in New Jersey New Jersey Secure Choice reaches employers with 10 or more employees and two years in business that lack a qualified plan; the 2026 phase assigns December 1, 2026 to the 20–24 employee tier and February 17, 2027 to 10–19. Coverage review should identify which people make discretionary plan decisions and which staff perform the state payroll task; give the broker both roles.[^1][^2] **Coverage:** [Fiduciary liability](/coverage/fiduciary) · [New Jersey](/coverage/states/new-jersey) ## 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](/coverage/fiduciary). ## What to Watch for in New Jersey ### 2026 registration phase Use 2026 registration phase as the state checkpoint. Keep the supporting eligibility record, employee authorization, exemption certification, or program notice with payroll reconciliation so the employer can trace how it applied the rule.[^1] ### Name The Decision Makers For New Jersey, 2026 registration phase is a state payroll or program checkpoint. Assign an operational owner to track it, and separately identify the people who select investments, resolve eligibility disputes, or monitor the plan provider; those discretionary roles matter to the fiduciary application.[^1][^2] ### Set An Exception Review At renewal, sample New Jersey payroll or program records against 2026 registration phase. Record the reviewer, any missed authorization, enrollment, or remittance step, the correction date, and the plan fiduciary who reviewed the exception.[^1] ## Who Regulates Insurance in New Jersey **New Jersey Department of Banking and Insurance.** New Jersey DOBI licenses insurers and producers, reviews insurance products and rates, monitors insurer solvency and responds to insurance complaints. The Property and Casualty unit regulates commercial and personal property and casualty rates, rules and forms.[^3][^4][^5][^6] - [Regulator website](https://www.nj.gov/dobi/) - [License lookup](https://www.nj.gov/dobi/inslic.htm) - [File a complaint](https://www.nj.gov/dobi/consumer.htm) - Phone: 800-446-7467 ### Surplus-Lines Tax and Stamping Office **Reported tax rate:** 5% of gross premium, less return premium New Jersey’s Department of Banking and Insurance states a 5% surplus-lines tax for policies effective on or after July 1, 2009; its FAQ also describes direct-procurement tax filing for premium allocated to New Jersey. A New Jersey surplus-lines producer generally must make a diligent effort to place the risk with authorized insurers, subject to the exportable-list and other statutory exceptions. New Jersey’s separate surplus-lines guaranty fund has narrow coverage; ordinary commercial surplus-lines claims are generally outside guaranty protection.[^7][^8][^9] ## 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 that the product is available in New Jersey; [check the regulator’s license lookup](https://www.nj.gov/dobi/inslic.htm) and confirm state availability for your business when requesting a quote. - [Coalition](/insurance-providers/coalition) — **Entity:** Coalition Insurance Solutions, Inc.; **role:** Insurance producer, Surplus-lines broker; **checked:** 2026-09-28. **Scope:** Coalition’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.[^11] - [Corgi](/insurance-providers/corgi) — **Entity:** Corgi Insurance Services, Inc.; **role:** Insurance producer; **checked:** 2026-09-28. **Scope:** Corgi’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.[^12] ## Questions to Ask Before You Buy in New Jersey 1. What state-specific eligibility, authorization, or remittance rule applies to the employer’s retirement arrangement? 2. Who reviews payroll-to-plan reconciliations and records exceptions under that rule? 3. Which people exercise plan discretion, and are they identified in the fiduciary application? ## Fiduciary Liability in New Jersey: FAQ ### What state retirement or payroll rule should an employer in New Jersey check first? New Jersey Secure Choice reaches employers with 10 or more employees and two years in business that lack a qualified plan; the 2026 phase assigns December 1, 2026 to the 20–24 employee tier and February 17, 2027 to 10–19.[^1] ### Does hiring a plan administrator remove an employer’s fiduciary responsibility in New Jersey? No. Provider selection does not end the plan fiduciary’s duty to monitor the provider. Document who retains that review, and assign a separate owner for the state checkpoint: 2026 registration phase.[^2][^1] ## Fiduciary Liability in Other States - [Alabama](/coverage/fiduciary/alabama) - [Alaska](/coverage/fiduciary/alaska) - [Arizona](/coverage/fiduciary/arizona) - [Arkansas](/coverage/fiduciary/arkansas) - [California](/coverage/fiduciary/california) - [Colorado](/coverage/fiduciary/colorado) - [Connecticut](/coverage/fiduciary/connecticut) - [Delaware](/coverage/fiduciary/delaware) - [District of Columbia](/coverage/fiduciary/district-of-columbia) - [Florida](/coverage/fiduciary/florida) - [Georgia](/coverage/fiduciary/georgia) - [Hawaii](/coverage/fiduciary/hawaii) - [Idaho](/coverage/fiduciary/idaho) - [Illinois](/coverage/fiduciary/illinois) - [Indiana](/coverage/fiduciary/indiana) - [Iowa](/coverage/fiduciary/iowa) - [Kansas](/coverage/fiduciary/kansas) - [Kentucky](/coverage/fiduciary/kentucky) - [Louisiana](/coverage/fiduciary/louisiana) - [Maine](/coverage/fiduciary/maine) - [Maryland](/coverage/fiduciary/maryland) - [Massachusetts](/coverage/fiduciary/massachusetts) - [Michigan](/coverage/fiduciary/michigan) - [Minnesota](/coverage/fiduciary/minnesota) - [Mississippi](/coverage/fiduciary/mississippi) - [Missouri](/coverage/fiduciary/missouri) - [Montana](/coverage/fiduciary/montana) - [Nebraska](/coverage/fiduciary/nebraska) - [Nevada](/coverage/fiduciary/nevada) - [New Hampshire](/coverage/fiduciary/new-hampshire) - [New Mexico](/coverage/fiduciary/new-mexico) - [New York](/coverage/fiduciary/new-york) - [North Carolina](/coverage/fiduciary/north-carolina) - [North Dakota](/coverage/fiduciary/north-dakota) - [Ohio](/coverage/fiduciary/ohio) - [Oklahoma](/coverage/fiduciary/oklahoma) - [Oregon](/coverage/fiduciary/oregon) - [Pennsylvania](/coverage/fiduciary/pennsylvania) - [Rhode Island](/coverage/fiduciary/rhode-island) - [South Carolina](/coverage/fiduciary/south-carolina) - [South Dakota](/coverage/fiduciary/south-dakota) - [Tennessee](/coverage/fiduciary/tennessee) - [Texas](/coverage/fiduciary/texas) - [Utah](/coverage/fiduciary/utah) - [Vermont](/coverage/fiduciary/vermont) - [Virginia](/coverage/fiduciary/virginia) - [Washington](/coverage/fiduciary/washington) - [West Virginia](/coverage/fiduciary/west-virginia) - [Wisconsin](/coverage/fiduciary/wisconsin) - [Wyoming](/coverage/fiduciary/wyoming) [Other Coverage in New Jersey](/coverage/states/new-jersey) ## Sources [^1]: [New Jersey Secure Choice — Employer Program Details](https://www.nj.gov/treasury/securechoiceprogram/employers/employer-program-details.shtml) — New Jersey Department of the Treasury; Covered-employer criteria and 2026 registration phases; program board schedule for penalties after grace periods.. Accessed 2026-09-29. [^2]: [Retirement plan fiduciary responsibilities](https://www.irs.gov/retirement-plans/retirement-plan-fiduciary-responsibilities) — Internal Revenue Service; Employer plan fiduciaries must act prudently and solely in participants’ interests; hiring a provider does not remove the duty to monitor that provider.. Accessed 2026-09-29. [^3]: [New Jersey Department of Banking and Insurance](https://www.nj.gov/dobi/) — New Jersey Department of Banking and Insurance; Official regulator homepage.. Accessed 2026-09-28. [^4]: [Division of Insurance](https://nj.gov/dobi/division_insurance/index.htm) — New Jersey Department of Banking and Insurance; States that Division issues insurer/producer licenses, reviews products and rates, monitors solvency and responds to consumer concerns.. Accessed 2026-09-28. [^5]: [Insurance Licensing and Education](https://www.nj.gov/dobi/inslic.htm) — New Jersey Department of Banking and Insurance; Official producer licensing page links to NJDOBI Licensee Search and SBS Licensee Search.. Accessed 2026-09-28. [^6]: [Consumer Information](https://www.nj.gov/dobi/consumer.htm) — New Jersey Department of Banking and Insurance; Official consumer assistance/complaints destination; DOBI hotline 800-446-7467.. Accessed 2026-09-28. [^7]: [Surplus Lines FAQs](https://www.nj.gov/dobi/division_insurance/sleofaqs.htm) — New Jersey Department of Banking and Insurance; Current DOBI FAQ states 5% on policies effective on/after July 1, 2009 and identifies direct-procurement filing when NJ receives an out-of-state surplus-lines premium allocation.. Accessed 2026-09-28. [^8]: [N.J.A.C. 11:1-33.3, Surplus Lines Procurement Requirements](https://www.nj.gov/dobi/division_insurance/pdfs/slpolicy.pdf) — New Jersey Department of Banking and Insurance; Rule requires diligent effort to place with authorized insurer except coverages on Exportable List.. Accessed 2026-09-28. [^9]: [Surplus Lines Tax Q&A](https://www.nj.gov/dobi/division_insurance/pdfs/sl_portableanswerbook.pdf) — New Jersey Department of Banking and Insurance; DOBI FAQ states Surplus Lines Guaranty Fund covers medical malpractice liability and property covering owner-occupied dwellings under four units; this is narrow and not ordinary business coverage.. Accessed 2026-09-28. [^10]: [Licenses](https://www.at-bay.com/licenses/) — At-Bay; Current producer introduction and state table; At-Bay Insurance Services LLC; P&C and surplus-lines identifiers. Accessed 2026-09-21. [^11]: [Licenses and Carriers](https://www.coalitioninc.com/legal/licenses) — 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. [^12]: [Insurance Producer Licenses](https://www.corgi.insure/broker-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. [^13]: [About Hiscox US Insurance](https://www.hiscox.com/about-hiscox-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. [^14]: [Licenses](https://www.nextinsurance.com/insurance-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. [^15]: [About Risklytics](https://www.risklytics.ai/about/) — Risklytics; What we do; Who we insure; Licensing; Agency licenses table dated 2026-09-10. Accessed 2026-09-16. [^16]: [Insurance Licenses by State](https://www.techinsurance.com/legal/licenses) — 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. [^17]: [Licenses](https://www.vouch.us/legal/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 2026-09-29. This guide is informational and does not determine whether a policy is available or meets your needs. [Editorial policy](/editorial-policy). To suggest a correction, [contact Spot](/contact) with a supporting source. ## Agent and Developer Resources - [Markdown page](https://spot.insure/coverage/fiduciary/new-jersey.md) - [Developer resources](https://spot.insure/developers) - [Public MCP server](https://spot.insure/mcp) - [MCP server manifest](https://spot.insure/server.json) - [OpenAPI description](https://spot.insure/openapi.json) - [Public page index](https://spot.insure/llms.txt)