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Unit Trust Asset Protection
Chubb Specialty Insurance

The complex nature of the fund management industry demands equally sophisticated insurance solutions. Chubb is proud to introduce the Unit Trust Asset Protection Professional Indemnity Policy tailored to meet the specialised needs of the unit trust industry. The creation of the Unit Trust Asset Protection Professional Indemnity Policy underscores Chubb's 30 years of experience insuring financial institutions.

Insurance from Chubb means more than just broad coverage. Financial stability, sound underwriting, broad coverage and responsive service are compelling reasons for considering our Unit Trust Asset Protection Professional Indemnity Policy.

 

Who is covered?

  • The Unit Trust(s)
  • The Corporate Trustee
  • The Investment Management Company
  • All directors, officers and employees of the Corporate Trustee and/or Investment Manager (past, present and future)

 

What is covered?

  • Errors, omissions, misstatements, misleading statements, neglect, breach of duty or breach of trust while performing or failing to perform professional services
  • Errors, omissions, misstatements, misleading statements, neglect, breach of duty or breach of trust by a trustee, director or officer of the Corporate Trustee or Investment Management Company.

 

What are the Coverage Features?

  • Definition of claim includes civil or criminal proceedings, investigations and written demands
  • Extended Reporting Period
  • Severability of all exclusions for insured individuals
  • Severability of the proposal form
  • Can insure any combination of Unit Trust, trustees, investment managers and their directors, officers and employees
  • Automatic cover for certain newly created or acquired subsidiaries
  • No prior acts exclusion
  • Automatic "run off" cover for divested subsidiaries
  • Automatic "run off" cover for insured, if acquired
  • Multi-year policies available
  • Advancement of Defence costs prior to final disposition of a claim
  • World-wide cover