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Real-World Examples and Statistics
According to the U.S. Department of Labor, fiduciary liability claims have risen significantly in recent years, highlighting the importance of adequate coverage1. In 2020, the average cost of fiduciary liability claims was approximately $1.5 million, underscoring the financial impact these claims can have on businesses2. With such high stakes, having the right insurance in place is crucial for protecting your business and its fiduciaries.