Pension trustee indemnity insurance

Liability insurance for pension trustees

As a pension trustee, we understand you are responsible for ensuring the pension scheme is run appropriately, following the trust deeds and rules.

This responsibility puts you at risk of being held accountable should the scheme suffer financial loss associated with negligent or insufficient administration. Pension trustee liability insurance will protect you against financial loss. Cover can also include any compensation payable and the cost of any legal fees you incur defending yourself.

Here at Marsh Commercial, we can arrange cover that gives you and your business peace of mind. We'll give you:

• Confidence
  We know you're dedicated to delivering specialist services. You can be confident that we're committed to working with leading insurers on your behalf. We'll arrange appropriate cover – on competitive terms.
• Expertise
  Our team have a wealth of knowledge in arranging commercial insurance for professionals. We take time to understand your business to ensure that the protection you have in place is suitable for the risks you face.
• Service
  We're here for you when you need us – from providing tailored advice to walking you through the claims process. So, while you focus on supporting your clients, we're here to protect you, making insurance one less thing for you to worry about.

How our team of insurance experts can help you

We take time to understand the risks you face as a pension trustee and advise how to manage them.

Get in touch with our team today. We're here to make sure you have the right pension trustee liability insurance in place to protect you.

What cover can pension trustee liability insurance offer you?

Working with reputable insurers and a national firm of solicitors highly regarded for specialising in pension law, we designed our pension trustee liability insurance in response to changes in legislation and an increasing trend towards litigation.

We tailor our pension trustee liability insurance around the needs of sponsoring employers, corporate trustees, pension schemes, and individuals. Cover also extends to include trustees' spouses, heirs, and estates.

You'll have peace of mind should you be held responsible for the scheme's financial loss. You may also receive advanced funds to cover defence costs and provide cover for settlement of an action.

Your policy will include exclusive cover and automatic extensions, as well as:

• availability of run-off insurance for schemes that are winding up or ceasing to exist
• automatic retired insured person coverage, available for up to six years
• automatic loss of documents coverage, from a minimum sub-limit of £250,000
• automatic theft extension, from a minimum sub-limit of £250,000
• no excess, subject to criteria
• 24-hour tax and legal advice, and health, medical and counselling helplines
• experienced solicitors appointed to deal with claims
• availability of discovery periods when policy ended.