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.