Executors insurance image overlay

Executors insurance

What is executor insurance?  

Anyone acting as an executor of an estate, carrying out the last wishes of a friend or family member, may be exposing themselves personally to unlimited liability.

Even a simple estate can have hidden problems and the law regulating the administration of estates can be complex. This can leave an executor vulnerable to legal action and claims by beneficiaries, estate creditors, probate, and tax officials.

Executor Liability insurance from LFC can protect lay executors from this risk.

Why should I buy executor insurance?

The responsibility of the Executor includes making sure that all necessary insurance policies are in force whilst the estate is being finalized. This protects any of the assets in the event of a loss which reduces the value of the asset. If the executor has not arranged Executors Liability Insurance he could be personally liable for any innocent mistake he makes in handling the estate.

As the premium can be deducted from the estate it would seem that the executor has nothing to lose and everything to gain.

Our executor insurance

  •   Underwritten with a leading A rated Insurer
  •   Immediate quote/cover and policy documentation issue
  •   Includes a total discovery period of 7.5 years
  •   Up to £10,000,000 cover
  •   Claims and legal advice helplines
  •   Plain English wording
  •   Claims Helpline
  •   Legal advice line