Nomadx - Trustee Liability Coverage

Nomadx provides professional liability exclusively for trustees. The trust business is complex and having a knowledgeable underwriter who understands trusts is critical to ensuring you’re properly covered. We’ve created an insurance program specifically geared to protect Trustees, and our application process makes obtaining coverage easy.

Often, there are misconceptions and nuances around the role of trustee—and that confusion often prevents trustees from getting the personal coverage they need. We’re here to help.

PRODUCT OFFERING

  • Limits of Liability up to $5 million

  • Cyber liability

  • Blanket coverage for trusts

  • Claims made & reported liability

  • Broad definition of trustee duties

  • Advancement of defense costs, including intentional misconduct and gross negligence until final adjudication of allegations

  • Emotional distress

  • No failure to effect or maintain insurance exclusion

  • Prior acts coverage available

  • 80/20 Hammer Clause

  • Worldwide Coverage

  • Coverage available for SPVs

  • Employee theft available

  • General liability on claims made basis

APPETITE

  • Trusts with assets $5 million+

  • Independent and professional Trustees

  • Co trustees with institutional trustees

  • Agent for trustee

Excluded Classes or Services

  • Family member trustees unless co-trustee with an institution or appointed an agent for trustee

  • CPA

  • Actuary

  • Broker/dealer services

  • Certified financial planner

  • Healthcare

  • Legal

  • Licensed insurance agent or broker

  • Securities or investment advisor

We invite you to apply for trustee liability coverage using our established underwriter-approved process or reach out to get in touch with our experts.

OUR TEAM

Judy Pearson

Product lead

Judy Pearson is the originating member of the Nomadx team and brings over 40 years in the insurance industry. She has held various positions in the insurance sector including serving as an underwriter for Chubb, AIG, and ARIS and as a broker at AON.

Jessica Littell

Account Representative

Jessica Littell brings over 10 years in the insurance industry, helping clients to assess and manage their risk, explain and provide guidance on coverage, and meet their day-to-day insurance needs.