The risks facing trustees and fiduciaries are higher than ever. The responsibility of managing employee benefit plans often leaves them with a personal liability.
Trustees and fiduciaries are governed by the statutes regulating the administration of benefit plans, as well as by the laws generally applicable to trustees. Any kind of non-compliance can lead to personal liability for breach of responsibilities, risking a loss of personal assets as well as those of the businesses they represent.
The onerous duties of benefit plan auditors and actuaries who act in the best interests of beneficiaries have increased the chances of legal action against trustees and sponsor companies.
With TMHCC’s support, those risks and liabilities can be managed in a way that leaves you free to focus on protecting the financial future of your people.
Highlights
- Financial capacity of up to €25 million (US$25 million or £15 million) per fiduciary liability policy
- Primary or excess options
Best for
- Fiduciaries Pension Trustees
- Corporate Trustee Companies and their Subsidiaries
- Sponsor / Employer Companies Personnel involved in the administration of pension plans
- Employee Benefit Plans
Summary of coverage
- Breach of fiduciary responsibility imposed by local statutes
- Improper advice or disclosure
- Negligence in the administration of a plan
About the Financial Lines and Transaction Risk team
Our centralised and unified management structure promotes real-time interaction between our transnational teams of underwriting, claims and legal professionals. The fact that our assets are consolidated under “one roof” makes us institutionally quick: quick to respond and to provide intelligent advice, innovative solutions and efficient claims handling.
Learn moreFinancial Lines Claims team
Our claims professionals work closely with you and your advisors to develop a solution-oriented strategy and to achieve a fair and efficient resolution of any claim. We will also explain how the coverage afforded under a policy applies to each claim, in a timely and comprehensive manner.
Claims informationYour team
Spain office
Torre Diagonal Mar
Josep Pla 2, Planta 10
08019 Barcelona
Spain
Your team
UK office
Fitzwilliam House
10 St. Mary Axe
London EC3A 8BF
United Kingdom
Regional managers
Sandra Da Silva
Underwriting Manager - Financial Lines - Southern Europe, Middle East & Latin America
Our offices
Barcelona
Torre Diagonal Mar Josep Pla 2, 10th floor 08031, Barcelona Spain
London
Fitzwilliam House 10 St. Mary Axe EC3A 8BF, United Kingdom
Munich
Rindermarkt 16 80331 Munich Germany
Why choose Tokio Marine HCC?
Tokio Marine HCC is a leading specialty insurance group with offices in the United States, Mexico, the United Kingdom and Europe, transacting business in approximately 180 countries and underwriting more than 100 classes of specialty insurance.
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