 Ambridge has developed a policy form tailored to meet the needs of the trustees and employees of multi-employer plans. Coverage can be provided for a single plan or for more than one plan sponsored by the same union. Many types of plans can be considered including:
- Defined benefit pension plans
- Defined contribution pension plans
- Health & welfare plans
- Legal services plans
- Training/Apprenticeship/Education plans
Key points of Ambridge’s policy include:
- Advancement of Defense Costs
- Dedicated limit for Compliance Costs (costs related to an Audit CAP Program and a Voluntary Compliance Program Submission)
- Definition of Loss includes 502-l & 502-I related penalties
- Spousal and domestic partner coverage when named as co-defendants with an Insured.
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