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Commentary

66 Indemnity insurance

CHARITIES AND CHARITABLE GIVING vol 6(2)
| Commentary

66 Indemnity insurance

| Commentary

66 Indemnity insurance

Indemnity insurance should normally be considered where the risks involved are significant or where prospective trustees are nervous of undertaking the role of charity trustee. Provided that it is not expressly prohibited by the trusts of the charity and is in the best interests of the charity, the funds of a charity may be used to pay premiums on such a policy for the protection of the trustees in respect of any breach of trust or duty committed by them in their capacity as trustees, or if a corporate charity for any negligence, default, breach of duty

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