Pension Trustee Liability Insurance
Pension Trustee Liability insurance (otherwise known as PTL insurance) offers financial protection for individuals while acting as trustees, the sponsoring employer and the pension scheme, against civil, criminal and regulatory proceedings.
It provides:
- Protection for claims against the pension plan or its sponsor (professional indemnity);
- Protection for private assets belonging to directors and officers (directors’ & officers’ liability);
- Optional coverage for the pension plan as regards criminal acts (breach of fidelity).
It also pays the costs of justified claims and legal defence against unjustified Claims.
