Trustee Liability
In the event of any actual or alleged wrongful acts, negligence and fraud by an officer of the Trust or Fund, Trustee liability insurance provides cover for the legal liability and/or direct financial loss suffered.
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To continue to offer the levels of service and expertise that we do, at iTOO we require the financials for review along with a completed proposal form.
Why get your Trustee Liability covered by iTOO?
At iTOO our specialists understand the intricacies around Trustee Liability and are equipped to handle these challenges.
Our policy structure includes:
- Legal Liability – cover for claims against the fund or trustees alleged negligence or a wrongful act (breach of duty).
- Theft, Fraud and Dishonesty – cover for the fund arising out of the dishonesty of any of the trustees.
- Third Party Computer Crime – protection for the fund from outsider fraud via the insured’s computer systems.
We are different
At iTOO you can always be assured of exceptional professionalism and service. Our specialists are experts in their respective fields and are always up to date with current industry regulations, requirements, rulings and adjustments.
Claim examples
Scenario
A trustee misappropriates funds of a pension fund.
Scenario
The trustees fail to carry out a full due diligence and, as a result, a foolish investment decision is taken, resulting in financial loss to the fund.
Scenario
The trustees fail to follow due procedure in either locating or allocating funds to all beneficiaries.
You’re in the hands of an expert. You can always be assured of professionalism, quick turnaround times and world-class technical knowledge. We’ll keep you in the loop every step of the way. Simply send us an email detailing your claim and our claims department will contact you for specific details.