With increasingly complex family, estate and company affairs in operation, it is imperative that trustees are properly protected.

With many years experience in managing family trust insurance, Lycetts offers a comprehensive family trust liability insurance policy.

Operating in a similar way to a standard directors’ & officers policy, it is tailored to meet the requirements of family trusts of all types. The policy protects the personal assets of the trustees, as well as providing for defence costs in any legal disputes. It also takes into account provision for damages awarded against trustees where a trust may be reimbursed accordingly.

In addition, we can provide an expert advice extension for retired professionals or the family friend receiving a small remuneration for their services, even if that is limited to expenses.

How to claim trustee indemnity insurance.

It is a condition of all insurance policies that incidents that may result in claims are reported to insurers without delay. If such incidents are not reported within an acceptable timescale (usually 30 days from the time of the incident), your insurers may refuse to indemnify you.

 

In the event of a claim in relation to a commercial business policy, you should contact your Lycetts account executive/handler as soon as possible. When completing claim forms, ensure the whole form is completed as far as possible and it is signed on your behalf or your company’s behalf by an authorised person. For further detailed information relating to claims concerning injury to employees or third parties, damage to third party property, loss or damage to own property, personal accident and sickness or motor accidents, please click here.

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Henry Norton

London

"While it may not be an everyday occurrence for family trusts to fall into dispute, this can and does happen. It may be many years down the line, but the legal defence process can prove unexpectedly costly"

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