Professional Indemnity Insurance for Volunteer Guardians, Custodians, and Trustees

The contracting authority is seeking a professional indemnity insurance policy to cover volunteer guardians, custodians, and trustees. This insurance is intended to protect the personal statutory liability of individuals appointed in a voluntary capacity by a court in Bavaria. The coverage specifically addresses financial losses (Vermögensschäden) incurred by these volunteers as a direct result of their actions or omissions while performing their duties as guardians, custodians, or trustees. The policy aims to safeguard these individuals against claims arising from their professional activities in these roles, ensuring they are adequately protected against financial repercussions. The scope of the insurance will encompass liabilities arising from the exercise of their appointed functions, providing a crucial layer of security for those undertaking these important civic responsibilities on a voluntary basis within the Bavarian legal framework. This procurement underscores the commitment to supporting and protecting individuals who dedicate their time and effort to managing the affairs of others, thereby ensuring the smooth and responsible operation of guardianship, custodianship, and trusteeship services.

This is a services contract in the finance and banking and legal services sectors, with a focus on Insurance. Located in Germany, Europe, this opportunity is open to firms and consortiums.

Published through TED - Tenders Electronic Daily (EU), a national government procurement portal. Public procurement tenders follow the country's national bidding regulations and may have specific eligibility and documentation requirements for services in the finance and banking sector. Service contracts are typically evaluated on both technical quality and price, and may require bidders to demonstrate relevant experience and qualified personnel. This contract has already been awarded. The information is published for transparency and market intelligence purposes.