A tort committed with ‘force and violence’ on the person, property or rights of another. All three types are actionable per se without proof of damage unlike nuisance where the interference is indirect and requires such proof. Wrongful interference with goods is covered in the Tort (Interference with Goods) Act 1977. Liability policies do not cover intentional acts but most public liability policies cover liability from accidental trespass, false arrest, false imprisonment and invasion of privacy. Some cover also exists in respect of loss of documents under professional indemnity policies.
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Trespass consists of the entry of a person or a thing upon land in the possession of another without permission.

The event or circumstances that activates the insurer’s liability to the insured under the policy. Contrast lossesoccurring liability policies with claims-made policies. See LIABILITY SEQUENCE; TRIPLE TRIGGER THEORY; GROSS DOMESTIC PRODUCT TRIGGER; MULTI-OVAL TRIGGER.

An occurrence trigger theory that charges the loss against any policy in force from the time of first exposure to a harmful situation to the time of manifestation of the injury or disease. Triple is derived from: (a) initial exposure; (b) continuing exposure (injury-in-residence); and (c) manifestation. The theory triggers any policy for its full limit not just a share. The insured can select which policies should respond with the possibility of stacking limits, aggregate limits of indemnity from different policy years. The theory has not been uniformly adopted across the US, its birthplace. Other theories, e.g exposure theory, injury-in-fact theory, and the manifestation theory, have also found favour. Insurers use a claims series clause in order to trigger continuing losses from one original cause into the policy year of first occurrence. See also BATCH CLAUSE; LIABILITY SEQUENCE.

Small pension that can be encashed without affecting IR approval.

Life insurance premium that is paid monthly and is not an instalment of an annual premium. Consequently when death occurs there is no deduction from the claim payment in respect of the premiums that would have been payable had the policy run its full year of death. term in the

The legal document setting out the responsibilities of the trustees, i.e. holders of property, and the rights of the beneficiaries. In the case of unit trusts the trust deed concerns the trustees and the fund managers and lays down the framework within which managers must operate.

A policy that forms the property to be held in trust for the beneficiary. People whose capital is used in their business or profession often effect whole life insurances on trust under the Married Women’s Property Act 1882 for the protection of dependants putting the policy beyond the reach of creditors. A child’s deferred insurance could also be arranged in trust for a child under the same Act. See PARTNERSHIP INSURANCE.

A colloquial term for pension scheme liberation services.

Money recovered under an insurance on property held in trust may be applied by the trustee (or by the court) in reinstating the property, but the consent of any whose consent is necessary under person the trust instrument must be obtained.