Liability Insurance Designed Specifically for Trustees of Living Trusts
Protect personal assets from beneficiary lawsuits, accounting disputes, and breach-of-duty claims
Why Trustees Need Liability Insurance
Family trustees do not fail more often—but they are sued more often, defended longer, and settled later.
A trustee is the person or entity legally responsible for administering a trust, managing its assets, and acting in the best interests of the beneficiaries. Trustees operate in a fiduciary capacity, meaning they must follow the trust document, applicable state law, and fiduciary standards of care.
Trustees face personal liability if beneficiaries, creditors, or co-trustees allege a wrongful act, including:
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Improper distributions
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Mishandling investments
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Breach of fiduciary duty
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Administrative errors
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Failure to maintain trust-owned property
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Miscommunication or inadequate accounting
Standard homeowners or umbrella policies generally do not cover these exposures, because they arise from fiduciary capacity, not personal capacity. That is why specialized trustee liability insurance exists—to provide defense costs and protection for trustee decision-making.
Our Process
Trustee Objectives and Concerns
We begin by collecting the key materials necessary to understand the trust’s structure and exposures. This includes:
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The trust documents
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Financial statements of the trust
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The trustee’s concerns and objectives
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Any existing or sample insurance policies
This initial discovery phase allows us to identify fiduciary responsibilities, asset profiles, and potential areas of liability.
Trustee insurance administration
Review Trust Documents
We conduct a detailed review of the trust instrument and supporting documents to identify risk factors and insurance-relevant provisions, such as:
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Trustee powers and duties
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Successor trustee provisions
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Restrictions or special circumstances
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Beneficiary dynamics or potential disputes
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Unique assets or operational exposures
This evaluation enables us to determine the appropriate coverage structure and anticipate underwriting questions before they arise.
Trust Liability Insurance Procurement
We organize all relevant information into a complete underwriting submission, ensuring accuracy and clarity. We then:
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Present the risk to qualified carriers
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Communicate any special circumstances
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Advocate on behalf of the trustee
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Obtain and review the proposed terms for alignment with the trust’s needs
Our role is to represent the client’s interests and secure appropriate, competitively priced trustee liability coverage.
Why Choose Us
Colorado-based Greenpoint Insurance Advisors, LLC was established in 2009 and brings deep expertise in insurance procurement and complex risk transactions. We operate as a professional, detail-driven brokerage focused on delivering clarity and confidence to our clients.
We believe that understanding coverage is essential, and we take the time to ensure our clients are fully informed about the key provisions and implications of the insurance they place. Our commitment is to provide thoughtful guidance, transparent communication, and a level of service that empowers clients to make well-reasoned decisions. In addition to Colorado, we are licensed in other states to offer living trust insurance.
Experienced Insurance Brokers
Specializing in Trustee Insurance
Focused on client needs
Professional Services
Detail Oriented
Transparent
Mission
Our mission is to safeguard individuals serving in fiduciary roles by providing specialized living trust liability insurance, thoughtful document analysis, and informed advisory support. We strive to ensure every client understands their coverage and feels protected in the decisions they make as trustee.
Vision
Our vision is to be the leading authority in trustee liability protection, setting the standard for precision, transparency, and expertise in insurance solutions for living trusts.
Values
We recognize the seriousness of trustee responsibility. Our mission is to help protect trustees as they protect family wealth, and we act as careful stewards of our clients’ insurance interests.
Frequently Asked Questions
What type of insurance is trustee insurance?
Trustee insurance is liability protection. Think of a third party deciding to file a claim against the trust or trustee for potential damages. These policies are offered on a claims-made basis. This means a policy must be active for a claim to be recognized. Its important to work with an agent who can explain this type of coverage.
How much does living trust insurance cost?
Pricing is influenced by a variety of factors, including the size of the trust, the terms of the trust documents, any prior claims, and the trustee’s experience in administering the trust. Special circumstances—such as disputes or estranged beneficiaries—may also impact the cost of coverage.
Is Greenpoint Insurance Advisors an insurance agent or broker?
Greenpoint Insurance Advisors, LLC serves as an independent insurance broker representing the interests of the client—in this case, the trustee. We have been licensed since 2009, and our experience includes placing coverage for large organizations with multiple locations and complex structural needs.
What is needed to provide a quote? Am I obligated to buy insurance?
The application process is rather simple. The insurance carrier will need a copy of the trust, financial statements, and resume or background of the trustee. We like to know the reason for procuring the insurance, steps to reduce potential claims, and other factors to consider when applying for insurance. There is no obligation to purchase insurance from us.
News & Resources
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Get Started Today
Greenpoint Insurance Advisors, LLC is dedicated to supporting trustees in protecting assets both within the trust and in their personal capacity. We understand the unique challenges and fiduciary responsibilities that trustees face. Our goal is to provide the clarity and coverage needed to give trustees true peace of mind.
Contact us today for a consultation. We are here to help.
Ph: 303.841.8999
Email: jb@livingtrustinsurance.com