- Emergency costs of up to 10% of the limit of liability without the insurer’s prior consent
- 12 year discovery period for retired trustees, if the policy is not renewed
- Bilateral discovery period offered as standard if the policy is not renewed
- Cover for loss of documents (£100,000 limit)
- Optional ERISA cover
- Affinity Guard
- BusinessGuard Directors and Officers Liability Insurance
- CorporateGuard APEX
- CorporateGuard Directors and Officers Liability Insurance (SEC and non-SEC)
- CorporateGuard D and O Liability Insurance for AIM-quoted Companies
- CorporateGuard Employment Practice Liability Insurance
- CorporateGuard Hedge Funds
- CorporateGuard Investment Management Insurance
- CorporateGuard Pension Trustee Liability
- CorporateGuard Public Offering of Securities Insurance
- D and O Lifetime RunOff
- Directors and Officers Liability Insurance for SMEs
- FidelityGuard and BusinessGuard Fidelity
- Partnership PrivateEdge
- PrivateEdge
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Email: marketing.uk@aig.com
CorporateGuard Pension Trustee Liability
Overview: Provides 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. In addition to providing cover for settlement of an action, CorporateGuard Pension Trustee Liability insurance also provides cover for the costs of defending the action - payable as they occur.
Who is it for?: 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
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Cover
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- Cover for contribution notices issued against individual insureds
- Cover triggered by official investigations, proceedings or a written demand alleging a wrongful act
- Full cover for individuals attending an official investigation, including any fact-finding investigation by the Pensions Regulator or Ombudsman or similar bodies in other jurisdictions
- Covers monetary awards by the Pensions Regulator & Pension Ombudsman
- Reimbursement of a payment made by a plan pursuant to a trustee exoneration clause
- Advancement of defence costs
- Automatic cover for defamation claims
- Cover for defence costs of any associated or connected person issued with a contribution notice (£250,000 sub limit)
Cover Extensions
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Value added services
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- Confidential expert audit of pension scheme governance included at no extra cost for clients purchasing limits of £10m or more
- Pension Crisis Helpline - confidential legal advice related to pension legislation, regulation or for any issue that could give rise to a claim