Trustees of a cricket club commission a new pavilion after a firm promise of a grant. They never receive the funds and are unable to pay for work which has already begun. The builder subsequently sues the trustees of the club and their Trustee Indemnity policy covers the costs of the claim.
At present we refer to trustee insurance as either Trustee Indemnity Insurance (in our Insight Policy Wording) or Financial and Administrative Liability (in our Select Policy Wording). Although similar, they do provide different covers, so please talk to us or read your policy wording for detailed information about what is covered.
For more information on Trustee Indemnity insurance, feel free to contact our friendly charity insurance advisors on 0800 917 9420 or email firstname.lastname@example.org.