Trustee Liability Insurance

Trustee Liability Insurance

Trustee Liability Insurance protects your board against allegations of mismanagement or breach of duty.

Examples of trustees’ legal liabilities include:

  • Company and trust law: sees trustees liable to their charity for any breach of trust or fiduciary obligations.
  • Civil law: sees trustees as liable to third parties either for breaches of contract or for infringement of another’s rights.
  • Criminal law: trustees are seen to be responsible for any breaches.

Trustees are seen under law as liable for their own actions and, in some cases, for actions they have omitted to take. Employees, volunteers or others sanctioned by the trust to act on its behalf also represent a liability to trustees in respect of their actions and omissions.

This exposure, in addition to the continuing trend in the UK of increased litigiousness sees creditors, customers, suppliers, employees, shareholders, regulators and even fellow directors joining the rush to sue directors, officers and trustees.

Trustee Liability cover provides protection for individuals against this exposure to personal financial ruin, through reimbursement of legal costs, expenses and damages.

Cover includes:

  • Breach of trust
  • Breach of fiduciary duty
  • Negligence or maladministration
  • Negligent misrepresentation or misstatement
  • Breach of confidence or misuse of confidential information
  • Defamation
  • Dishonesty of any past or present employee

Who's covered?

Trustees of the board, directors, officers, the company secretary, and employees defined within the memorandum and articles as having control of operations.

Legal Expenses Open Book

“La Playa: Insurance with Intelligence. Passionate. Discerning. Independent.”

 

Ready to work with us?

You can call us to talk more about your business on +44 (0)1223 200650 or +44 (0)20 3865 0149

What's Covered?

Monthly Payments
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About La Playa Media & Digital

Specialist & Independent

Specialist & Independent

La Playa's specialist Mediatech team can help you protect your business with smart, flexible, high-performance insurance - with a friendly human UI. We understand the risks and pressures you face - and we speak your language. We’ll support you with great advice - helping you make good decisions for your organisation. Our exclusive portfolio policies can help streamline costs, and we’ll always help you stay ahead of the game in managing risk.

In-house IFA

We also offer Business Protection (including Key Person Insurance) and Employee Benefits: a joined up approach with a team of advisers working for your best financial interests - all under one roof

Advice You Can Trust

…from an expert who understands you

Tech-based business is 24/7, global and borderless, exposing you to new risks and liabilities - often in unfamiliar places. As the law struggles to keep pace with technology, insurance can provide a real safety net if you fall foul of changing legislation.

  • Specialist insurance for media and digital businesses
  • Independent professional advice
  • Relationship-based service: right beside you when you make a claim
  • “Can do” culture
  • Seamless insurance across UK and US
     
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Photo of Tracey McCreath ACII

Tracey McCreath ACII

DIRECTOR, MEDIA, ARTS & ENTERTAINMENT

Direct Dial: +44 (0) 1223 200655

Email: tracey.mccreath@laplayainsurance.com

Twitter: @TraceyatLaPlaya