Trustee Liability Insurance
Naturesave Trustee Liability Insurance is intended to protect the Trustees of an organisation against liability claims from people who allege that in conducting the business of the company or organisation the Trustees breached a legal duty to them.
Essentially, Trustees insurance can provide protection for claims that result from errors in judgement. Trustees also have potential liability for not adequately performing their obligations or failing to exercise reasonable business judgement.
Claims against Trustees can be brought by a wide group of people, including employees, customers, suppliers, creditors, bankers and regulatory group and shareholders. Furthermore, tighter UK and European regulation in the areas of health and safety, environment, employment and corporate governance is fuelling growth in litigation against company Trustees. Naturesave Trustee Liability Insurance covers claims which may arise from, for example:
- Stolen assets/misappropriation of funds
- Making decisions that harm people
- Employment disputes/discrimination and harassment
- Breaches of health and safety
A Trustee Liability insurance proposal form is available for download in PDF format from this site.
