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As Wire Fraud Claims Rise, Advisors May Find They Aren’t Properly Insured
Commentary January 16, 2025 at 03:10 PM
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What You Need To Know
- Many advisors don’t realize that cyber coverage does not protect them when claims are made around wire transfers.
- Their errors and omissions coverage also might not protect them.
- How insurance carriers view a situation will matter when it comes to how claims are handled.
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