OMNIRISK offers fiduciaries personal asset protection for damages they are legally obligated to pay as a result of deliberate or unwitting wrongful acts and for the costs associated with defending allegations of wrongful acts.
”Fiduciary & Pension
OMNIRISKCoverage for North America
Keeping Promises Promotes Vitality
Coverage
- Broad definition of insured including the company, corporate trustees, constructive trustees, directors and officers, and administrators, managers, trustees, employees and internal dispute managers of the company, the pension scheme or plan.
- Loss of documents cover which the insured is legally responsible
- Investigation coverage
- Crisis containment expenses – to prevent or limit the adverse effects or negative publicity which may arise from a claim or investigation.
- Extradition proceedings
- Prosecution costs
- Third party pursuit costs
- Emergency defense costs
- Indemnity for beneficiaries
- Contribution notice costs for insured persons
- Cover for civil fines and penalties imposed by the pension regulator, the pension ombudsman or other regulatory authority
Benefits and Services
- Protects pension scheme and benefit plan trustees and administrators, sponsoring employers, corporate trustees and the scheme itself against claims arising from breach of fiduciary obligations in connection with company plans and schemes
- Dedicated and experienced underwriting teams
- Market-leading claims management team has unrivalled expertise and knowledge
- Ability to write global programs
Client Profiles
- Privately held and publicly traded companies
- From SME enterprises to multi-national corporations
