Emergency costs of up to 10% of the limit of liability without the insurer?s prior consent / 6 year discovery period for retired trustees, if the policy is not renewed / Bilateral discovery period offered as standard if the policy is not renewed / Theft of plan assets and ERISA cover (optional)
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CorporateGuard Pension Trustee Liability (Financial Institutions)
Overview: Protection for the trustees, the employees, the employer company and the fund itself against claims brought for actual or alleged wrongful acts in relation to a plan.
Who is it for?: All financial institutions including Banks, Hedge Funds, Insurance Companies, Building Societies, Fund managers, Investment managers, Stockbrokers, Venture Capital firms and Finance Companies. Protects: Trustees, the company; any plan; a corporate trustee company; directors; officers; partners or employees of the company, corporate trustee company or plan in the capacity as a trustee or administrator of a plan / Automatic cover for domestic partners, administrators and executors / Blanket cover for all Pension and Employee Benefit Plans including automatic cover for qualifying new plans Specified Stock Ownership Plans / Automatic cover for domestic partners, administrators and executors / Blanket cover for all Pension and Employee Benefit Plans including automatic cover for qualifying new plans / Specified Stock Ownership plans.
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Cover
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- Protection for the trustees, the employees, the employer company, its directors and the fund itself against claims brought against them for actual or alleged breach of duty in connection with the pension plan.
- In an emergency, limited defence costs can be incurred without our prior consent.
Extensions Available
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Additional Features:
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Additional value-added services, including advice from our expert legal panel on general pension-related matters or on specific claims