It is common practice for a registered charity to purchase a Trustees’ Liability policy to protect its trustees, who are normally unpaid volunteers, from claims made against them personally alleging a wrongful act in connection with their role as a trustee.
This type of policy, which can be taken out by clubs, associations and other not-for-profit organisations as well, operates in the same way as Directors’ and Officers’ Liability insurance and can be extended to provide cover for the organisation itself. We can also arrange cover for non-charitable private trusts which are often set up by someone for the purpose of holding assets, typically property or money, for the benefit of other family members. We arrange Trustees Liability cover for charitable organisations as well as for a number of non-charitable trusts.
We can arrange insurance for: