How Prevalent are D&O Lawsuits against Private Companies?
In a recent Chubb Insurance survey, 37% of executives from privately -held organizations polled believed that they would be sued by customers in the coming few years. Roughly 30% felt vendors would sue while 21% feared suits from shareholders. Statistics show that the most common suit against D&Os are employment-related claims. Coverage in these employment-related situations will depend on the coverage provided by the D&O policy.
