Secrets Private Equity Pros Demand Fiduciary Insurance Now

Types of Coverage Available

Fiduciary insurance policies can vary significantly, offering different levels of coverage tailored to the specific needs of a firm. Common types of coverage include:

• Basic Fiduciary Liability: Covers claims related to breaches of fiduciary duty, errors, and omissions.
• ERISA Compliance: Protects against violations of the Employee Retirement Income Security Act, which governs employee benefit plans.
• Cyber Liability: Addresses risks associated with data breaches and cyber threats, which are increasingly relevant in today's digital landscape.

By understanding the various options, private equity firms can tailor their insurance policies to address specific vulnerabilities and operational needs.