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.
    Asset vs. Stock Purchase
    Duration of Indemnity
    Employee Benefit Plan Crises
    Organizational Crises
    Scope of Indemnity
    Security for Indemnity
    Size of Indemnity
    Legal Contingency