Trust & Probate Insurance
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Hold-Over Relief Liability Insurance

Issue Risk Insurance


Contingent Survivorship Insurance

Breach of Trust Insurance
Key benefits
What the policy covers


Pension Fund Run-off Trustee Insurance

Breach of Trust Insurance

When a members’ club, society, charity or similar is to be wound up, it is the duty of the trustees to ensure that any assets held in trust for members, shareholders or other beneficiaries are distributed in accordance with the trust deed. However, with the passage of time and in some cases poor record-keeping, the persons entitled may be difficult to trace or it may not be possible to determine the identities of all the beneficiaries who may be entitled to settlement before distribution.

Breach of Trust Insurance, made available once all reasonable efforts to trace such persons has been made, will enable monies or other assets to be dispersed to the ascertained beneficiaries whilst protecting the trustees from claims that they have acted incorrectly.

There is the potential for claimants to be unaware of their entitlement for many years.


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Key benefits
  • Upon payment of a one-off premium cover is provided in perpetuity
  • Removes the risk to trustees of personal liability for claims arising out of the distribution of the trust funds without having provided for the claimant’s share
  • Allows the trust to be wound up and the assets dispersed where the officers or members agree there is no longer a need to keep the trust going
  • Ensures that the potential interests of other parties who have not consented to the winding-up arrangements are provided for

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What the policy covers

  • Any monies which a previously missing beneficiary is entitled to receive from the trust not recoverable from the beneficiaries to whom it has been distributed and for which the trustee would otherwise become personally liable
  • Costs incurred with the consent of the Insurer in defending any action brought by a claimant against the trustee
  • Any other costs and expenses incurred with the prior consent of the Insurer


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