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Key Benefits of Fiduciary Coverage

1. **Legal Protection**: Fiduciary coverage offers comprehensive legal protection, covering the costs of defending against claims of fiduciary breaches. This can include attorney fees, court costs, and settlements, which can otherwise be financially draining for a business¹.

2. **Risk Management**: By securing fiduciary coverage, IT service providers can better manage their risk exposures. This proactive approach helps in identifying potential vulnerabilities and implementing measures to mitigate them².

3. **Client Confidence**: Having fiduciary insurance demonstrates a commitment to responsible business practices, which can enhance client confidence and attract more business opportunities³.