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.

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.

Forms & Downloads

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.

General Trustees

Please complete this proposal form for combined Crime and Civil Liability indemnity for Trustees of a General Trusts.

Trustees Liability Proposal Form

Please complete this proposal form for combined Crime and Civil Liability indemnity for Trustees of a Pension and Provident Funds.

Medical Scheme Trustees Liability Proposal Form

Please complete this proposal form for Trustees Liability for Medical Scheme Trustees covering direct financial loss and civil liability

How to claim

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.

For any claim queries contact:

086 100 4866 or
ITOONewClaims@itoo.co.za

Trustee Liability Contacts

FAQs

What limit of indemnity should the fund purchase?

As each fund and its requirements vary substantially, it’s important to refer to your broker to provide you with the best advice.

Does the policy cover third party fund administrators?

No we don’t, we specifically tailor our cover to cover trustees.

What deductibles (policy excess) are applicable to the policy?

Our Legal Liability section has no deductibles, but the Dishonesty and Third Party Computer Crime section will carry a deductible.