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Though extremely rewarding, there’s a certain amount of risk involved for board members, who can be subject to personal liability claims. As a trustee, you are responsible for defending a claim made against you for wrongful acts and may need to pay personally cover the cost of legal fees, investigation and defence costs and potential compensation pay outs. Without protection in place, this could not only spell the end of your charity but it could also have a major impact on your own reputation.
Trustee Indemnity Insurance protects board members from having to personally pay legal claims made against them, for negligence or a breach of trust or duty. This policy exists to relieve the pressure on charity trustees, so you can carry on making major decisions safely in the knowledge that you’ve covered your back.
- Defence and investigation
- Court fees
- Health and safety claims
- Employment claims
Our experts work with quality risk management service providers to reduce the chance of you having to make a claim. We can also provide information on the duties of a trustee, making sure you understand all of your responsibilities before and during your time as a trustee. This will help you to personally safeguard your reputation and livelihood as a senior staff member of a charity.