Vero Liability offers Trustees Liability insurance to cover individual trustees against liability for claims arising out of wrongful acts, and the cost of defending those claims.
Trustees Liability insurance responds to claims of alleged wrongful acts relating to the actions of trustees, trust secretaries and other officers of the trust in carrying out their duties. This insurance covers the cost of such actions to trustees and officers of the trust, to the extent that they are not already indemnified by the trust, as well as the expense of defending those claims. The policy also covers the trust itself for the cost of reimbursing its trustee.
Who Needs It?
Any person who serves as a trustee or is a secretary or officer of a trust.
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Requesting a Quote
Vero Liability products are available through insurance brokers and advisers. An insurance broker provides independent, professional and specialist advice to help make sure you have the right protection. If you don’t already have one, you can find a broker on the Insurance Brokers Association of New Zealand (IBANZ) website by clicking on the button below.