Liability Coverage Review

Trustees face personal liability for their actions—and need to ensure they have adequate insurance coverage in place. Traditional errors and omissions (E&O) does not cover the acts of a trustee. Fidelity Bonds are designed to protect beneficiaries—not trust officials. West Capital Management can provide a thorough review of each trustee’s liability coverage. Since these policies typically specify exceptions to their coverage, we also go further to ensure that additional protections and protocols are in place. Most importantly, we become a named fiduciary for asset management to help further reduce trustees’ exposure.

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