Pension Trustees' Liability
Our policy is suitable for any UK domiciled company with turnover of up to £300 million, except for financial institutions and companies who have the majority of their employees based overseas.
This policy provides personal liability covers to companies' pension plan trustees for claims brought by beneficiaries, regulatory authorities or other parties. This product is only available to D&O policyholders and is suitable for SME to mid-corporate sized businesses.
The policy cover includes:
- Limits of indemnity of up to £5 million
- Automatic cover for additional pension schemes if acquired during the policy period
- Extended reporting cover provided in the event of non-renewal
- Cover provided for retired trustees for up to one year
- Pollution defence costs cover provided up to £100,000
- Cover automatically applies for prior acts in the event of the winding up of a pension plan.
Pensions Trustees' Liability Policy Summary »
Pension Trustees' Liability Policy »
Pension Trustees’ Liability Policy Proposal Form »
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Why choose Zurich?
- Specialist legal team with expert knowledge of Professional & Financial Lines claims.
- Regional presence across the UK with access to decision-makers.
- Expert line of business approach, enabling choice of unbundled or cross line of business underwriting.
- Brokers have direct access to market underwriters, who have the authority to make decisions. They can assist you with customer visits.
- Our dedicated salesforce can help you develop both Professional & Financial Lines and their overall insurance portfolio. They can help develop your business plan, prospect and pipeline.
- A dedicated handler who specialises in Solicitors Professional Indemnity Claims is assigned to each claim, ensuring it's resolved as efficiently and effectively as possible.
- Zurich's unique Altitude portfolio solution is flexible and tailor-made, based on understanding your portfolio of business and your drivers.
