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What limit do smaller funds usually carry?

April 26, 2017carry funds limit smaller usually

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What limit do smaller funds usually carry?

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(less than $250,000,000 under management) Typically, smaller funds purchase a $1,000,000 limit with a $100,000 or $150,000 retention. Then, as the assets under management increase, you increase your limits accordingly. However, coverage and limits selection should always include your attorneys.