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Trustees liability insurance provides cover against allegations that a trustee, trust secretary or other officer has committed a wrongful act in carrying out their duties.
Being a trustee comes with a lot of duties and responsibilities.
Whether you are the custodian of a large trust, managing a family company, overseeing an owned property, sitting on the board of a public or private foundation, there are bound to be disagreements that could be the cause of potential liabilities for you.
Any person who serves as a trustee or is a secretary or other officer of a trust needs liability cover.
Trusts come in many shapes and sizes, presenting their trustees and service providers with a variety of duties.
One thing trusts all have in common, is that trustees can be held legally accountable for any decisions that they make and for any services provided.
Trustees’ liability insurance can provide cover for:
Our brokers can work with you to develop an insurance liability package that meets the needs of your business. And in the event of a claim they'll advocate on your behalf to help get a fair and prompt result.
Public and product liability insurance minimises the financial impact on a business should the unexpected happen
Product liability insurance protects against claims of personal injury or property damage caused by a business
Directors and officers insurance protects your executives and board from personal financial risk
Statutory liability insurance can protect businesses against certain unintentional breaches of New Zealand law
An employers liability policy protects employers against claims brought by their employees who have sustained an injury where the ACC does not provide cover
Employment disputes insurance protects employers against personal grievance claims brought by past or present employees
Crime and fidelity insurance protect organisations from losses which could arise from dishonest or fraudulent acts committed by employees
Professional indemnity insurance is designed for professionals who provide advice
Trustees liability insurance protects trustees from personal liability while carrying out duties performed for the trust