Trustees indemnity insurance

Individuals responsible for the management and administration of a charity or association are often unpaid, but this does not absolve them from their duties as trustees and managers or protect them from numerous potential liabilities.

The duties and responsibilities of trustees are summarised in publication CC3 produced by the Charity Commission of England and Wales. They include, inter alia, the application, protection and investment of the charity’s property, supervision of the charity’s employees and agents together with the maintenance and preparation of the charity’s accounts.

Trustees’ duties are derived from the deed or document governing the trust, from statute and from common law. Inadvertent neglect or ignorance of these duties can lead to breach of trust or duty and the potential of unlimited personal liability for the trustees involved.

WRS utilise a small group of specialist insurers, who understand the charity market and are able to provide indemnity with limits from £100,000 to £5,000,000.

Please contact our office if you would like a quotation or to discuss your requirements, alternately kindly complete and submit the enquiry form, where one of our team will be happy to assist you.