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Fiduciary Liability Insurance: Not Optional Even Though Not Legally Required
Cohen & Buckmann, P.C. Link to more items from this source
Feb. 21, 2018
"[1] Your corporate policy will not protect you if you are accused of a fiduciary breach -- fiduciary activities are usually excluded. [2] Your company's agreement to indemnify you may be limited by state law or worthless if your company goes bankrupt. [3] Even if you win a fiduciary breach lawsuit, and are found to have done nothing wrong, you will have legal defense fees that could be high. [4] Settlements and court awards in fiduciary breach cases have been substantial. Some have exceeded $50 million."

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