Professional
Liability
Liability
Risks
Property
Exposures
Crime
Risks
Trustees have significant responsibilities, potentially including investment oversight, managing outside professionals, approving disbursements, and financial reporting. One mistake can have serious financial consequences for fiduciaries, who are held to a higher standard of care, making robust insurance coverage critical.
Professional Liability
For families with property held in trust:
For trustees:
Crime Risks
Trustees, as fiduciaries, have unrestricted access to trust assets, making assets vulnerable to theft or misappropriation. Protecting against these risks is essential to ensure your legacy.
Liability Risks
Property Exposures
Trust-owned properties require tailored coverage to protect both the trust and its beneficiaries, as well your interest in your property. Insurance gaps can occur if property insurance policies are not structured properly to ensure everyone’s interest is included.
Claims related to property
damage or injuries can target both the trust and its owners, risking depletion of trust assets
if not fully protected.