Protection for scheme trustees, the company and the plan itself
Why Choose AIG for Pension Trustee Liability Insurance?
AIG Pension Trustee Insurance provides protection for the trustees, the employees and the employer company against claims in relation to your plan.
The AIG Advantage
Trustee responsibilities
Although often unpaid, trustees are expected to understand and keep up to date with the laws and investment principles of their schemes. They must challenge their advisors and employers when they need to. Failure can result in fines or other penalties against them and the company.
Trustee protection
Pension trustee liability insurance is designed to meet defence costs, awards, damages, and investigation costs of trustees involved in running the pension scheme who are accused of mistakes or oversights in their duties.
Company protection
Pension trustee liability insurance also provides cover for the company and its pension plan. That’s because while in theory the trustee may be personally liable, in practice the risk is often carried by the employer or the pension plan by indemnities and exoneration clauses
AIG Pension Trustee Liability Insurance Solutions
This cover is suitable for any company operating an occupational pension plan.
Cover for contribution notices against individual insured person
Cover for spouse or domestic partner of insured person
Cover for acquired or newly created plans within threshold
Investigation costs in connection with preparing for and attending an investigation
