Trustee Indemnity Insurance
Trustee Indemnity Insurance is a key consideration for charities and nonprofit organisations of all sizes. Not only does it protect your key personnel’s personal liability, but it also helps to attract and retain the right people, giving them confidence in their role.
Key benefits of choosing CKI
- UK-based team with significant experience in the charity sector
- Tailored protection for your organisation
- Ongoing support and advice
I was struggling to get an insurance quote due to the uniqueness of the business I was hoping to start. Fern at Chris Knott was incredibly patient & helpful trying to sort out my insurance & many questions.
Customer, TrustPilot
Trustee Indemnity Insurance FAQs
Got questions? Our Trustee Indemnity Insurance FAQs section answers all the usual questions.
Trustee Indemnity Insurance protects trustees, directors and officers of charities, nonprofits and clubs from personal financial liability if claims are made against them for wrongful acts committed while carrying out their duties.
This includes errors, negligence, or breaches of trust and duty, such as mismanaging funds, failing to meet regulatory requirements or employment disputes.
Trustee Insurance policies usually cover legal defence costs and any settlements or damages awarded. This gives trustees the reassurance that their personal assets are protected.
The main areas of cover are for the mismanagement of funds, failure to meet legal or regulatory obligations, breaches of health and safety laws and employment-related disputes. Some policies also extend protection to the organisation itself if it is named in the claim.
It’s important to note that Trustee Insurance doesn’t cover intentional wrongdoing, fraud, criminal acts, or fines and penalties imposed by law. It is designed to protect trustees from personal liability for honest mistakes, enabling them to perform their roles with confidence.
The cost varies depending on several factors, including the size and nature of the organisation, the level of cover required and the perceived risks involved in the trustees’ activities.
As an insurance broker with experience in the nonprofit sector, we can help you to find a suitable policy for your organisation’s needs. Call us on 0800 917 2274 to arrange a quote today.
Trustees Indemnity Insurance protects trustees from personal financial liability for claims made against them while undertaking their duties.
It not only provides peace of mind to trustees but also helps organisations attract and retain qualified individuals for these critical roles. It demonstrates a commitment to safeguarding those who lead the organisation, so they can focus on their responsibilities.
Contact Chris Knott Insurance for an Insurance quote today on
0800 917 2274.
