Trustee Liability

Trustee Liability

We shall pay on behalf of the Trustees and Employees all Loss which they are legally obligated to pay, or which the Sponsoring Employer Company is legally required or permitted to pay the Trustees and Employees as advancements or indemnity under applicable trusts indemnity laws or agreements, for a Claim against a Trustee or Employee for a Wrongful Act, provided the Claim is first made against a Trustee or Employee during the Policy Period, or Discovery Period if applicable.

Benefits

We shall pay on behalf of the Trustees and Employees all Loss which they are legally obligated to pay, or which the Sponsoring Employer Company is legally required or permitted to pay the Trustees and Employees.

Features

Payments to be made by First Assurance include:
  • Advancements or indemnity under applicable trusts indemnity laws or agreements
  • Payment for a claim against a Trustee or Employee for a Wrongful Act, provided the Claim is first made against a Trustee or Employee during the Policy Period, or Discovery Period if applicable.

FAQS

1. Is premium paid at the time of claim? No. Premium is paid at inception of cover. 2. What is excluded from the policy?
  • Deliberate or fraudulent acts by trustees
  • Claims made outside jurisdiction
  • Bodily injury claims; covered by Public Liability
  • Penalties or Fines