Why Private Companies Shouldn’t Overlook the Benefits of Directors and Officers Liability Insurance
Senior leaders at private companies often underestimate the need for directors and officers (D&O) liability insurance. Although they may not have the shareholder base that public companies do, private companies have owners, investors and other stakeholders — and their directors and officers could be targeted in a variety of lawsuits based on management actions. With private company D&O claims growing in frequency — occurring almost as often as claims against public companies — it is critical for privately held organizations to closely consider the purchase of D&O insurance to protect both individual directors and officers as well as the company itself.
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