Trustee Indemnity Insurance

Trustee Indemnity Insurance protects trustees, directors and officers of charities, nonprofits and clubs from personal financial liability if claims are made against them for wrongful acts committed while carrying out their duties.

This includes errors, negligence, or breaches of trust and duty, such as mismanaging funds, failing to meet regulatory requirements or employment disputes.

Trustee Insurance policies usually cover legal defence costs and any settlements or damages awarded. This gives trustees the reassurance that their personal assets are protected.

The main areas of cover are for the mismanagement of funds, failure to meet legal or regulatory obligations, breaches of health and safety laws and employment-related disputes. Some policies also extend protection to the organisation itself if it is named in the claim.

It’s important to note that Trustee Insurance doesn’t cover intentional wrongdoing, fraud, criminal acts, or fines and penalties imposed by law. It is designed to protect trustees from personal liability for honest mistakes, enabling them to perform their roles with confidence.

The cost varies depending on several factors, including the size and nature of the organisation, the level of cover required and the perceived risks involved in the trustees’ activities.

As an insurance broker with experience in the nonprofit sector, we can help you to find a suitable policy for your organisation’s needs. Call us on 01424 205009 to arrange a quote today.

Trustees Indemnity Insurance protects trustees from personal financial liability for claims made against them while undertaking their duties.

It not only provides peace of mind to trustees but also helps organisations attract and retain qualified individuals for these critical roles. It demonstrates a commitment to safeguarding those who lead the organisation, so they can focus on their responsibilities.