Insurance coverage of Directorships

                          Whatever the legal form and status of the entity, the members of the Board of Directors are subject to various liability risks under  Luxembourg law.

                          As a best practice, ILA strongly recommends to its members to assess, for each directorship, the existing insurance coverage as well as the need for additional coverage.

                          Generally speaking, an entity should provide its directors with insurance coverage. It is important that the director understands the terms and conditions of such insurance, notably the limitations, exclusions, renewal process, etc. Despite such insurance provided by the corporate entity, the director might wish to have additional insurance coverage, which would be personal to her or him, and which she or he can have a direct access to in case of need.

                           In order to facilitate the search for such an insurance policy for its members, ILA has identified the insurance companies listed below as offering insurance coverage to individual directors in Luxembourg. Please note that this list is not necessarily exhaustive but represents the current knowledge of ILA about the products available on the market.

                          Please be aware that it remains the exclusive responsibility of the director to assess her or his needs, and to choose the product that will best fit these needs. It is also the responsibility of the director to ask directly the insurer/broker for an individual offer and quote and to make her or his own informed choice. ILA is neither providing advice on insurance contracts nor otherwise proposing any insurance contracts. The only purpose of ILA is to draw its members’ attention to the importance of ensuring they have adequate insurance coverage and effective access to such coverage for their directorships.

                          AIG offer for ILA members

                          AIG already provides insurance coverage to all ILA members.

                          In cooperation with the insurance broker Gras Savoye, AIG has developed an additional and more extensive specific insurance offer for all ILA members.

                          The specificity of this policy is that the policy holder and the assured are the physical person holding the mandates.

                          Allianz offer

                          Allia Luxembourg has arranged with Allianz Luxembourg a tailored-made insurance policy covering director’s liability.

                          The specificity of this policy is that the policy holder and the assured are the physical person holding the mandates.

                          Talisman S.À.R.L. offer

                          Talisman S.à.r.l. is an independent commercial insurance broker, based in Luxembourg. We provide EU-compliant insurance solutions for commercial entities and business executives. Supervised by the Commissariat aux Assurances (CAA), the Talisman team has decades of insurance expertise, in local and international markets. We offer tailored insurance programmes for clients who may have exposures in single or multiple territories. 

                          Complementary to an entity D&O policy, ILA members can purchase the Talisman Individual Executive Protection (TIEP) policy at an exclusive rate. 

                          The policy gives you an instant response and flexible support, to help you through the immediate impact of any issue.  The policy is Luxembourg compliant and subject to Luxembourg law.

                          Talisman is proud to be an insurance partner of ILA, and members can access an exclusive rate. 

                          Please call: 2 620 3241.

                          Pension Scheme



                          Occupational pension scheme for independent directors.

                          lalux-Safe Future offers you a tailor-made insurance solution that not only secures your future, but also allows you to benefit from the new tax advantages granted by the extension of the scope of the Supplementary Pension Schemes Act to the liberal professions and the self-employed.


                          • Free choice of pension contributions, adjustable each year.

                          • Free choice of investment vehicles, from guaranteed returns to investment funds.

                          • Advantageous taxation: Up to 20% of your professional income is deductible: tax of 20.9% on the premium paid. In return, the benefits paid are free of income tax in Luxembourg.

                          • Tailor-made packages: Define the amount of your retirement capital freely and choose the risk guarantees (Death, Disability and/or Accident) as well as the options you wish to add.

                          • Get insured quickly and easily: Fully digital procedure.

                          Special conditions for ILA members

                          1. Reduction of the entry fees on the retirement premiums

                          2. Reduction of the premium for the death and disability covers

                          Interested? Please feel free to contact your LALUX agent or BCEE advisor or call the 4761-6250.

                          Cardif Lux Vie offer

                          Since the beginning of the year 2019, you can now, as independent directors, benefit from a supplementary pension scheme while enjoying tax benefits. Cardif Lux Vie has created for you the solution My Prolife, your best asset for you serenely build retirement savings and enjoy the fruit of your labour.

                          My Prolife has unique advantages in Luxembourg: guaranteed investment (2.35% gross return in 2018) or tailor-made vehicles, choice of coverage, premium payments, all without surprise of cost. And for members of the ILA, Cardif Lux Vie offers special conditions.

                          Do not hesitate to contact us. With our privileged partner, Assurances Consulting Courtage, we will analyse together the most suitable solution for your personal situation.

                          Bâloise Vie Luxembourg


                          Supplementary Pension Scheme with tax benefits for Independent Directors

                          You are a self-employed director, Luxembourg resident with a marginal tax rate above 20% ? 

                          Save for your pension and enjoy a favorable tax regime : 

                          Premiums are tax-deductible up to 20% of your annual net income (art. 110 & 3a LIR), with no ceiling. A flat-rate withholding tax of 20% applies, plus 0.9% tax on the premiums paid. Capital is tax-free after retirement in Luxembourg. This can be combined with other tax-favorable life insurance products (111 LIR et 111Bis LIR). 

                          Investments can be split in different vehicles : a Baloise product with a guaranteed rate set by the CAA and/or in investment funds (large choice incl. ESG labelled funds). Amounts and schedule are flexible ; you decide if, when and how much you want to save. 

                          Plus, our dedicated eBenefits online platform allows you to easily check, adapt and manage your savings.

                          SPECIAL CONDITIONS FOR ILA MEMBERS on entry fees and management fees! Get in touch with your Baloise ILA dedicated expert now !

                          Contact us

                          If you wish to have more information about the insurance coverage ILA partners offer, you can either contact us or contact them directly. 

                           send us a mail

                           +352 26 00 21 488