Indemnity insurance Definition | Legal Glossary | LexisNexis
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GLOSSARY

Indemnity insurance definition

What does Indemnity insurance mean?

This is insurance specifically to cover liabilities trustees may incur for breach of trust, legal expenses, and other exposures.

It is usually effected with a provider with the premium paid either by the employer, or from the scheme assets (the latter would require a specific provision in the rules to allow this).

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