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Many private equity firms are concerned about their liabilities, including exposure to lawsuits for breach of fiduciary duty, claims for wrongful acts or omissions, and regulatory or securities investigations. One of the best ways to minimize and protect against these liabilities is general partnership liability insurance. In a new article, Heidi A. Lawson and Elizabeth G. Kurpis of Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C., identify some key questions a private equity firm thinking about purchasing GPL insurance should consider. 

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