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 offer

The Talisman policy provides individual Directors & Officers (D&O) insurance, to help protect an executive’s personal wealth and reputation. Complementary to an entity D&O policy, ILA members can access an exclusive rate. 

Talisman is an independent broker operating in Luxembourg and London. AXIS Specialty Europe SE underwrites the policy.


Pension Scheme

LALUX offer for ILA members


LALUX Assurances offers a comprehensive and extremely flexible supplementary pension scheme for independent directors. 

With lalux-Safe Future, you can freely fix your premium every year, opt either for a more classical investment vehicle with a guaranteed interest rate or a unit-linked medium offering potentially higher returns or a combination of both. For ILA members, LALUX offers special conditions:

  • Reduction of entry fees on retirement premiums

  • Reduction of the premium for death and disability covers

Interested? Do not hesitate and contact one of our pension scheme experts or talk to the LALUX agent or BCEE advisor of your confidence.


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.


Contact us

If you wish to have more information about the insurance coverage ILA offers, or if you need help to identify which offer suits you best, you can always contact us.

 send us a mail

 +352 26 00 21 488