keeping all bases covered

Many trustees do not fully accept their obligations and, as a result, expose themselves to risks which could evolve into multi-million pound professional indemnity insurance claims being made against them. One such obligation is the full and complete protection of the trust's assets which, in the case of tangible assets such as properties, works of art and yachts, means the trustees physically arranging the insurance cover. If a trustee does not then they expose themselves to claims should an insurance loss occur and the policy cover prove to be inadequate. This could mean, at best, insure...