Privately Held Companies - Directors & Officers Liability Insurance

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Privately Held

Companies

So, you think that simply because your company is privately held, your directors and corporate officers are immune from public scrutiny? THINK AGAIN!

The simple fact is that directors and officers of privately held companies face many of the same management liability exposures as do publicly traded companies.

One major insurance carrier reports that legal action against private companies can arise from a number of sources:

Employees account for nearly half of all claims.

Shareholders and customers EACH account for approximately 16% of claims.

Competitors account for about 6%.

The government accounts for around 5%.

The balance is made up of assorted other sources, including intellectual property claims, such as patent or trademark infringement.

Considering that the personal assets of the company's directors and officers are often at stake, it only make sense in this increasingly litigious environment to consider obtaining a properly underwritten policy of Private Company Directors & Officers Liability Insurance.

Remember that even if the company provides indemnification, should corporate assets be depleted or become otherwise unavailable due to litigation, there simply may not be adequate means to provide this indemnification.

If you are interested in exploring the possibility of putting this important protection in place for your company, or even if you already have coverage and wish to review your existing policy, please click here and complete a brief form. You can also give me a call at 877-320-4061, or simply send me an e-mail at insurance@swicker.com.

We work with a wide variety of insurance carriers, and our underwriters are adept at crafting highly individualized coverage to address the specific needs of all types and sizes of privately held businesses.

I look forward to speaking with you soon.

Bruce R. Swicker