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Fiduciary

Group financial planning

Our Fiduciary Liability policy offers insurance coverage for fiduciaries and administrators of pension and welfare benefit plans, including multi-employer plans. By tailoring products for both single and multi-employer pension and welfare benefit plans, paired with the ability to insure large U.S. and international based pension and welfare plans, we have a solution for you.

Target Classes

Private and publicly listed companies with a strong management team and a solid financial track record.

Policy Highlights

  • No minimum deductible
  • Definition of plan includes any pension plan in Canada, the United States, or elsewhere
  • Definition of loss amended to include ERISA penalties, punitive, exemplary, taxes available by endorsement
  • Definition of wrongful act amended to include settlor acts available by endorsement
  • Ability to offer multi-year terms for certain accounts, up to 3 years, with new limits every year and installment premium due annually

Capacity

$25 million

The Liberty Difference

  • Capacity to handle large pension and welfare benefit plans
  • Ability to offer run-off for up to 10 years if the Sponsor is sold
  • Ability to customize/tailor coverage to meet specific needs and provide continuity of coverage
  • Ability to cover US and international plans including ability to offer local policies to comply with local insurance regulations in 50 countries, including the EU, South America, and Asia
  • Underwriters with the ability to correspond in languages other than English including French, Spanish, and Chinese

Why Liberty?

  • • A.M. Best Financial Strength Rating ‘A’ (Excellent); S&P rating of ‘A’ (Strong)
  • • Efficient cross-border capabilities
  • • Established Canadian market presence for over 25 years
  • • Access to Liberty Mutual’s extensive international network
  • • Local underwriting authority
  • • Local risk engineering and risk control experts
  • • In-house claims service team