Trustee Indemnity Insurance

[landreneau144@gmail.com]

Hi, can anyone tell me what levels of indemnity insurance you provide for Trustees? Thanks!

[thesmac]

1 million

[William Clemmey]

Under the policy we have with Grouts its £250000 management protection policy.
However we appear to have covered this 5 times as we have 5 separate policies – I am trying t sort this out.
I have always thought that Trustees insurance is a waste of money if your charity is run well
William Clemmey
Chief Officer@municipal-charities.org.uk

[office@pcold.org.uk]

I have £1 million at one charity I work for and £100K with another through Grouts, this seems very low though they say it is recommended amount for our size charity. We only have 6 bungalows as Almshouses but overall our Charity must be valued in the region of between £2 and £3 million. Does anybody have any further suggestions on this?

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