Directors and Officers Liability for Privately Held-Companies

摘要

A common perception of private company owners is that they do not need to purchase Directors and Officers liability coverage. This is due to the fact that most lawsuits involving private D&O are quietly settled and are not splashed across the front page of the Wall Street Journal like many of the claims brought against public companies. However, private companies are often sued for events that are not covered by general liability, employment practices, or fiduciary liability policies. Further, it is often the case that employment practices liability insurance (EPO) is often confused with D&O as well as employee benefits liability E&O.