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Trustees Liability

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Trustees Liability

What?

Trustees liability cover is a policy that protects trustees, employees, the employer and any said scheme in the event of claims brought forth. The policy covers settlement on legal action and for the costs of defending actions.

Why you need? – Benefits

Trustees Liability insurance covers individual trustees against liability for claims arising out of wrongful acts, and the cost of defending those claims

Who needs it?

Any person who serves as a trustee or is a secretary or officer of a trust.

What it covers:

  • Individual trustees and corporate trustees (if declared)
  • Judgements and settlements
  • Fidelity cover to protect trust assets against theft or fraud by a trustee
  • Defence costs
  • Costs to appear at inquiries or investigations

 

What we don’t cover - Exclusions

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