Our carriers on behalf of the Trustees and Employees all Loss which they are legally obligated to pay, or which the Sponsoring Employer Company is legally required or permitted to pay the Trustees and Employees as advancements or indemnity under applicable trusts indemnity laws or agreements, for a Claim against a Trustee or Employee for a Wrongful Act, provided the Claim is first made against a Trustee or Employee during the Policy Period, or Discovery Period if applicable.