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Fiduciary insurance offers several key benefits, including:

• Protection against legal claims related to fiduciary breaches.
• Coverage for legal defense costs, settlements, and judgments.
• Peace of mind for fiduciaries, allowing them to focus on their duties without fear of personal liability.
• Enhancement of the company's risk management strategy.

These benefits underscore the importance of having fiduciary insurance as part of a comprehensive risk management plan. By securing this coverage, businesses can protect their financial interests and ensure compliance with regulatory requirements.