IRA/Keogh Liability

IRA/Keogh Liability coverage protects against losses resulting from wrongful acts while acting in the capacity of administrator, trustee or custodian of any Individual Retirement Account (IRA) or H.R.10 Plan (Keogh) outside the scope of the bank’s trust department.

Key Features
≡ Coverage is provided at a reduced retention.

≡ If coverage is purchased as a sublimit to the D&O Policy, a one-time reinstatement of the limit of liability for subsequent claims is provided at no additional charge.

≡ Paid IRA/Keogh claims will not erode the limit available to pay Insuring Agreement A claims on the D&O Policy (applies to sublimit only).

Availability
Coverage is available as:

≡ Part of the Broad Form Company Liability (BFCL) Endorsement;

≡ Part of the Bankers Professional Liability (BPL) Endorsement; or

≡ A separate IRA/Keogh Liability Endorsement.