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• Commercial Financial Liability
• Pension Trustees Liability

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Pension Trustees Liability (PTL)

Pension Trustees Liability (PTL) policies are only sold to companies that have pension schemes established for their own employees.

Typically, the trustees are employees of the company and have fiduciary obligations in respect of the pension schemes but appoint professionals to manage the investments and administer the scheme. External actuaries advise on funding requirements and outstanding liabilities. We only insure the liability of the trustees and expect the external professionals to carry their own E&O insurances. The PTL policies are annual contracts underwritten on a claims made basis.

Trustees, like directors and officers, have unlimited liability for their role as trustees of a company’s pension fund. While their liability is unlimited, the trustees are not remunerated for holding these positions making this insurance critical.

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