Trustees Professional Liability. Most trustees are not aware of the need for
liability insurance while administering a trust estate. Individual and professional
(attorneys and CPAs) trustees can be held personally liable for the decisions they make
and the services they provide during their appointment as trustees. Claims against
trustees can allege mismanagement, conflict of interest, self-dealing, breach of fiduciary
duty, misrepresentation, negligent supervision and selection, and professional negligence.
| See Crime product for more complete coverage |
An attorney or CPA acting as a trustee is generally not covered under their malpractice
insurance in their roles as trustees. A trustee liability insurance policy will protect
the trustee, and the trustee's personal assets, from actions arising from their duties
as a trustee. Some of the features of our policy are:
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Affordable premiums starting at $2,000 annually
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Multi-year discount available
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Variety of deductible options starting at $2,500
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3 Year Optional Extension Period available
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Limits up to $5,000,000
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Retroactive coverage available
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Personal Injury coverage included
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Duty to Defend
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