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Why IT Services Need Fiduciary Coverage

In the IT sector, companies often handle sensitive client information, making them susceptible to fiduciary claims. These claims can arise from alleged failures in managing client funds or data, leading to significant financial repercussions. With fiduciary coverage, IT service providers can protect themselves against such claims, covering legal fees and potential settlements. This not only secures the business financially but also enhances its reputation and trustworthiness in the eyes of clients.