FinHand a pecuniary loss liability insurance for trustees from ALLCURA Versicherungs-Aktiengesellschaft.

The sum insured can be increased individually for each trust order. If this is not the case, the sum insured per insured event is EUR 2,000,000.00. The sum insured is available once for each individual insured event as well as for all insured events (of a maximum of 10 trust orders underlying the same insurance policy) without a separate increase of the sum insured in the individual case (write-off sum insured).

Within the framework of the General Insurance Conditions for pecuniary loss liability insurance (AVB-Allgemein) and the Special Insurance Conditions for pecuniary loss liability insurance for trustees on which the ALLCURA insurance contract is based, the legal liability of the policyholder arising from FinHand’s activity as a trustee is insured.

Excluded from the insurance cover are liability claims (i) due to incorrect assessment of questions of commercial judgement, (ii) as a result of participation in entrepreneurial decisions, (iii) from exceeding estimates and credits; from the brokerage or recommendation of money, real estate and other economic transactions for a fee or free of charge as well as (iv) due to damages arising from the fact that an insurance contract was not concluded or continued, unless the policyholder proves that the conclusion or continuation was not deliberately refrained from. FinHand will not perform activities under points (i) to (iii) on the basis of the trust agreement.