Trustees Liability
Trustees Liability Insurance is designed to indemnify trustees and committee members from claims against them personally for failing in their duties. Accusations you could face can include:
- Failing to manage health & safety
- Using money outside your Organisation's scope
- Not acting in your Organisation's best interests
- Libel & slander
- Discrimination or harassment
Cover can be extended to include all individuals in management positions, employment practices and entity cover. We would recommend cover for Charities, Pension Funds, Community Interest Companies, Clubs and Associations.
if your Organisation is registered with Companies House individuals in management positions are especially vulnerable. Under the 2006 Companies Act, you are exposed to over 200 areas of statutory liability. This means you could face unlimited personal liability for your actions and decisions on behalf of the Organisation.
Claims could be made by employees, volunteers, shareholders, customers or government bodies such as the Inland Revenue or Health & Safety Executive.
Until recently this kind of insurance was quite expensive so only the largest organisations could afford it, fortunately costs have reduced in recent years and quality annual cover for small organisations can now be obtained from under £100.
If you would like advice or a quote please contact us
Act now! Call us on 01905 21681 to get your insurance needs met