General Insurance

Trustee Liability

Covers trustees and employees for losses they are legally obligated to pay, or which the sponsoring employer is required or permitted to pay as indemnity for claims against trustees or employees for wrongful acts, when the claim is first made during the policy period.

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IRA Regulated 48hr Claims 24/7 Support Since 2018
What's Covered

Policy Overview

Covers trustees and employees for losses they are legally obligated to pay, or which the sponsoring employer is required or permitted to pay as indemnity for claims against trustees or employees for wrongful acts, when the claim is first made during the policy period.

Benefits covered:

Benefits Covered ✓
  • ✔ Wrongful acts of trustees
  • ✔ Legal liability
  • ✔ Employer indemnity
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Quick Summary

Trustee Liability Insurance protects you against financial loss. Contact our team for a personalized quote and policy details.

Documents Required
  • Completed Proposal Form
  • Copy of National ID
  • Other documents as applicable
How It Works

Claims Process

We resolve claims within 48 hours on average.

1
Report the Incident

Call our 24/7 helpline or email us immediately.

2
Submit Documents

Provide your claim form, photos, and policy details.

3
Assessment

Our assessors evaluate and verify coverage within 24 hours.

4
Approval & Settlement

Your claim is approved and payment arranged promptly.

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FAQs

Frequently Asked Questions

Who needs Trustee Liability Insurance?
It is essential for individuals serving as trustees, committee members, or directors of pension funds, charities, or trusts.
What risks does this policy cover?
It covers personal liability for financial losses caused by wrongful acts, errors, or omissions committed in the capacity of a trustee.
Does it cover fraudulent acts by a trustee?
No, the policy strictly excludes deliberate fraud, criminal acts, or intentional dishonesty. It covers negligence and administrative errors.
Are legal defense costs covered?
Yes, the policy advances legal defense costs incurred while defending a claim of a wrongful act.
Are regulatory fines and penalties covered?
By law, insurance cannot cover punitive fines or penalties imposed by regulators (like RBA or KRA), but it covers the legal costs of the investigation.