As a State-Chartered or National Trust Company, the regulatory environment and service-related risks are unique as compared to a fully chartered bank or pure investment management operation. Trust companies come in all different shapes and sizes, but generally must properly address many of the below key risks/exposures:
- Fiduciary Advice & Investment Management
- Custody & Safe-keeping of Assets
- Know Your Customer (KYC)
- Regulatory
- Family Dynamics/Relationships
- Best Execution (Purchase & Sale of Assets)
- Tax Compliance
- Cyber Risk
- Vendor Oversight/Selection
- Reporting
Golsan Scruggs has built a risk review process to address the particular exposures faced by your company and specifically ascertain how your insurance contracts meet (or do not meet!) these exposures. There is no “standard template” trust company insurance contract within the insurance marketplace, which makes it critical to carefully identify your risks and your insurance contract’s definitions, conditions, exclusions, limitations, etc. We would be honored to start a conversation.
To obtain your complimentary review, please provide the following information or contact us at (800)273-5883.
Fields marked with * are required.
