Travelers is now offering insurance for mutual fund directors to protect their personal assets from non-indemnifiable claims.Called SelectOne Broad Form for Mutual Fund Directors, the insurance protects them in a wide variety of situations, such as one in which a large securities claim is filed against the company and it is unable to pay the claim, or a situation in which the Securities and Exchange Commission has frozen a fund’s assets.

“Many mutual fund directors, particularly those who are independent directors, want to ensure that their responsibility to the board doesn’t end up affecting their personal assets,” said Steve Boughal, second vice president, mutual funds and investment funds.

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