With the best will in the world, not everyone will agree with every decision taken and Trustees have personal liability in their role, which can put their own assets at risk.

Indemnity Insurance offers the Trustees on a collective basis and individually, financial protection in the event they are sued due to mismanagement or contested decisions in their role as a Trustee.

Such insurance can provide cover for damages, judgments, expenses and defence costs as well as the costs of legal representation in light of a range of allegations, which may include:

• Breach of trust
• Breach of duty
• Breach of statutory provision
• Wrongful omissions
• Maladministration
• Negligence
• Administration errors
• Misstatements or misleading statements

Ensuring you have the correct indemnity insurance in terms of breath of cover provided and security of insurer is of vital importance. This is where Premier’s expertise in this field can assist, with access to all the indemnity insurers on a truly independent basis, we will source the best of bread solution to protect Trustees from the risks inherent in their role and duties to scheme members.