The fiduciary liability endorsement provides general liability protection for the financial institution, its executive officers or employees, trust beneficiaries, and others as delineated in the endorsement for bodily injury (BI) or property damage (PD) liability arising out of the ownership, maintenance, or use of property in any trust for which the named insured is acting in a fiduciary or representative capacity. Trust accounts may possess property from which liability exposures arise, and the financial institution has a liability exposure arising from this property due to its control of the property. The endorsement extends the financial institution's general liability policy to provide coverage for these liability exposures. Certain policy provisions and exclusions are altered slightly in order to remain applicable to the insured trust.