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Worth the Risk? Highlights from the Chubb 2013 Private Company Risk Survey
 

Are private companies less insured than they think they are?


According to Chubb’s 2013 survey of 450 U.S. private company executives—our fifth since 2003— the answer is often “yes."  The Chubb 2013 Private Company Risk Survey shows:

  • Almost half of all surveyed private companies experienced at least one professional or management liability loss event in the past three years.
  • Despite the frequency of these events, many private companies have not purchased insurance to help manage their risks.
  • Why? Many executives whose companies do not purchase professional and management liability insurance mistakenly believe that their companies are already protected under their general liability insurance.

Learn more about how your general liability and professional liability insurance policies work together (and don’t stand alone) in this infographic: “GL Insurance Is Only One Piece of the Puzzle."

What are private companies’ big risks?

According to the Chubb survey, directors and officers liability, cyber crime and liability, and employment practices liability are three key areas of exposure for private companies.  Need to know more?   

Watch and share: Private Company Cyber Risk Trends

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Watch and share: Understanding D&O Liability for Private Companies

Watch and share: Are Private Companies Taking Employment-Related Risks?

Or download the following infographics on each key risk area:

 

 

 

For even more information on how private companies are managing risks today—and for insight into what risks your company could face tomorrow—read Chubb’s report, Worth the Risk? Highlights from the Chubb 2013 Private Company Risk Survey.”