Keeping fiduciary insurance policy (because of QRP) after selling or closing a business

Should a business owner keep fiduciary insurance policy (because of a QRP while business was active) for a few years after closing or selling their business? This could include ERISA bond coverage, employment practices liability, and a fiduciary and crime policy. Any related thoughts....

About (only) the ERISA fiduciary liability insurance contract:

The insured fiduciary might ask her insurance intermediary to check with the insurer about whether, and for how much premium, the insurer would be willing to issue extended-reporting-period coverage.

Likewise, one might ask whether that coverage could run for up to six years so it aligns, even if imperfectly, with ERISA § 413(1)’s statute-of-repose period.

Agree with Peter. This would be similar to medical malpractice tail coverage.

Agree with Peter and Bill.

I'll also add that tail coverage has been required by the purchasing entity in several M&As that I have been involved in.