Trustees Indemnity (TI)
This cover protects trustees, officials, directors and/or committee members in the event that they commit a wrongful act. Without this cover, trustees can be held personally liable to the full extent of their wealth/assets. Often these policies can be extended to include claims made against the organisation (the entity), as well as an individual.
The definition of a wrongful act can include breach of trust/duty, breach of care, misappropriation of funds and breach of health and safety.