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

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Posted in: Commercial Insurance

In 2013, Chubb Group of Insurance Companies conducted a private company risk survey.  Through this survey, Chubb found that although there is a growing number of managers concerned about the risks associated with professional and management liability, a large percentage of company decision makers are not taking the steps needed to protect themselves with professional and management liability insurance.  Below is a link to the key highlights of this survey which may conclude that the large gaps in coverage may stem from managers not fully understanding what is covered in their current liability policies.  Findings of this survey shows details of the responses, comparisons to a similar Chubb 2010 survey and observations from third-party sources on such exposure topics as directors and officers (D&O) liability; employment practices liability (EPL); errors and omissions (E&O) liability; employee fraud; cyber crime and cyber liability; fiduciary liability; and workplace violence.

To view these survey highlights, click here:  http://www.chubb.com/businesses/csi/chubb17896.pdf