Tennant Risk Services specializes in professional liability solutions tailored to trustees and trust-related exposures. Our Trustee Liability Insurance program provides comprehensive Errors & Omissions (E&O) coverage for individuals and entities serving in trustee roles, including complex family trusts, irrevocable trusts, and trusts involving non-traditional or non-liquid assets. Whether your client is a professional trustee, a family member acting in a fiduciary role, or managing multiple trust entities, we have the expertise and market access to help you place these challenging accounts.
We support retail agents and brokers nationwide with competitive pricing, fast turnaround, and a deep understanding of trustee liability exposures. Our team works with a variety of insurance carriers—both admitted and non-admitted—in select states to provide flexible coverage solutions based on risk complexity, size, and territory.
Ideal Accounts and Appetite
Tennant Risk Services is well-positioned to assist with both standard and hard-to-place trustee E&O risks. We welcome accounts with:
- Multiple trusts within a single portfolio
- Non-liquid or specialty assets (e.g., privately held businesses, real estate, collectibles)
- Beneficiaries also serving as trustees
- Unusual or custom trust structures
- Accounts with prior claims or adverse loss histories
Example scenarios include:
- A family member acting as trustee for several generations of family trusts with diverse asset classes
- A CPA or attorney serving as trustee for multiple clients with non-liquid holdings
Coverage Highlights and Advantages
Our trustee E&O program offers:
- Simple, specialty-specific application process
- Low minimum premiums (varies by carrier)
- Multiple limit and deductible options to fit risk profiles
- Access to a wide range of A-rated markets
- Coverage tailored for fiduciary duties and trust management exposures
With our in-depth knowledge of trustee responsibilities and exposures, we help ensure your clients are protected against claims of mismanagement, breach of fiduciary duty, and other common liabilities.
Underwriting Notes and Minimum Premiums
Our underwriting approach is flexible and responsive. We evaluate each submission based on the complexity of the trust arrangement, size of the trust assets, trustee role, and any prior loss history. Minimum premiums vary by carrier and account characteristics. We encourage agents to reach out early with any challenging or unique accounts to explore available options.
Territories and Availability
Trustee Liability Insurance through Tennant Risk Services is available in most states, including but not limited to: CA, TX, FL, NY, IL, GA, PA, and NJ. Admitted options are available in some states, while others may be written on a non-admitted basis depending on the risk profile and carrier. Our team will help determine the best fit for your client's location and needs.
Why Work With Tennant Risk Services?
As a Managing General Agency and Excess & Surplus Lines Broker, Tennant Risk Services brings unmatched expertise in professional liability, E&O, D&O, EPL, and Cyber Risk products. We are known for:
- Specialty focus on trust and fiduciary liability
- Strong carrier relationships and market access
- Exceptional service and responsiveness
- Willingness to write tough or non-standard accounts
Contact us to discuss your client's trustee liability needs or to submit an account for underwriting. We look forward to helping you place this specialty business with confidence.
Frequently Asked Questions
What types of accounts are a good fit for this program?
Ideal accounts include individual or professional trustees managing family trusts, multiple trusts, or trusts with non-liquid or complex assets. We also consider accounts with prior claims or unique structures.
Is this program available in all states?
The program is available in most U.S. states, including CA, TX, FL, NY, and many others. Admitted options may be available depending on the state and risk.
Can you help with accounts that have prior losses?
Yes, we have experience placing accounts with adverse loss histories. Each account is individually underwritten based on the circumstances and risk profile.
What is the application process like?
We offer a streamlined specialty application designed specifically for trustee E&O risks. Submissions can be made via email for quick review and turnaround.
What carriers do you work with for this coverage?
We work with multiple carriers, both admitted and non-admitted, depending on the state, size, and nature of the risk.
Need help placing an account? Connect with a market specialist.