Miscellaneous Professional Liability Insurance for Trustees

Miscellaneous Professional Liability Insurance for Trustees Individuals who serve as Trustees may Trustees ' Liability coverage is afforded face substantial personal Liability . to natural persons in their individual Trustees are often called upon during capacities as Trustees . Chubb's tumultuous times to handle challenging Miscellaneous Professional Liability accounting, financial and other Insurance for Trustees coverage is tailored managerial responsibilities. Few have to the unique exposures of Trustees prior experience or training in trustee overseeing a variety of trusts, including: Professional services, yet they are tasked with making decisions in the best interest Testamentary trusts of the beneficiaries, in accordance with Living trusts (when the grantor is not the trust and in compliance with the law. the trustee). Liquidating trusts This can lead to any number of Bankruptcy trusts contentious situations. Allegations against Receiverships Trustees can take many forms, including Claims/ Insurance trusts mismanagement of trust assets, failure to diversify assets, accounting errors, unfair or improper distributions, failure Claims Scenarios to follow terms of the trust agreement and conflict of interest.

Miscellaneous Professional Liability Insurance for Trustees Individuals who serve as trustees may face substantial personal liability. Trustees are often called upon during

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  Liability, Professional, Miscellaneous, Miscellaneous professional liability

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