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Key Considerations When Selecting a Policy
When evaluating fiduciary insurance options, private equity firms should consider several key factors:
- Coverage Limits: Ensure that the policy provides adequate coverage limits to protect against potential claims.
- Exclusions: Be aware of any exclusions that could limit the effectiveness of the coverage.
- Policy Terms: Review the policy terms carefully to understand the conditions under which coverage is provided.
- Claims Handling: Investigate the insurer's claims handling process and reputation for responsiveness and fairness.
By focusing on these areas, firms can better protect themselves and their stakeholders from unexpected liabilities.