Superannuation trustees liability

Superannuation Trustees Liability

Superannuation trustees have a high degree of responsibility place upon them to ensure their performance benefits fund members. If their actions are seen to be in breach of this, they can be exposed to significant personal liability.

CGU Superannuation Trustees Liability Insurance is designed to meet the complex risks faced by Australian trustees and protect their personal assets. This policy also extends to reimburse the Trust fund or employer where they have been called upon to pay legal costs on behalf of the Trust.

A broad and flexible definition of ‘Insured Person’ applies, covering all past, present and future trustees of the fund.

Why you may need to be put in touch with an insurance adviser for this product

If your business has complex or unique needs in relation to Superannuation Trustees Liability Insurance, we may put you in touch with an independent insurance adviser who can help assess your risks and give you specialist advice on what level of cover will suit your needs.