TRUSTEES INDEMNITY 
Insurance

Protects trustees from personal liability for mismanagement or breaches of duty.

What is Trustees Indemnity Insurance?

Trustees play a pivotal role in overseeing the operations and finances of various organisations, including body corporates, community schemes, pension funds, and charitable trusts. While these positions are often voluntary, they come with significant responsibilities and potential personal liabilities.

Trustee Indemnity Insurance provides financial protection to trustees, ensuring that trustees are not burdened with legal defence costs or settlements resulting from decisions made in good faith.

Why Do You Need It?

In South Africa, trustees can be held personally liable for:

  • Breach of fiduciary duties

  • Mismanagement of funds

  • Non-compliance with statutory obligations

  • Negligent decisions leading to financial loss

Even with the best intentions, mistakes can happen. Trustee Indemnity Insurance offers peace of mind, ensuring that personal assets are protected against unforeseen legal challenges.

Who Should Consider This Insurance?

Any individual serving as a trustee, director, or officer in an organisation where they have a duty to manage assets, make decisions, or oversee operations should consider Trustee Indemnity Insurance.

This includes:

  • Trustees of body corporates and sectional title schemes
  • Board members of non-profit organisations
  • Trustees of pension and provident funds
  • Individuals managing community schemes
Secure Your Peace of Mind
Protect yourself from potential personal liabilities arising from your role as a trustee. Contact us today to learn more about our Trustee Indemnity Insurance offerings and how we can tailor a policy to suit your specific needs. Email us at specialists@garrun-group.co.za
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