Trustee liability insurance

All trustees have Personal and Unlimited liability in case they are negligent or breach the trust deeds. Unless specifically allowed for in the trust deeds a trustee cannot be reimbursed for such misdemeanours from the trust funds.

Until recently it has not been possible to protect oneself by insurance. Castleacre have developed a specific policy to protect against such eventuality; for the main benefits click here.

Key benefits:

• Policy bought by the Trust for all trustees against their liabilities in connection with their administration and advice to a Trust
• Cover for legal defence costs and advice
• Cover for the personal liability for wrongful acts for all trustees
• Cover extends to retired and resigned trustees

For further information please click here or telephone +44 (0) 1787 211 155.