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posted on August 1, 2008
Chubb Survey Finds Private Companies More Exposed to Liability Risks, But Less Protected
"Despite a down economy and an increase in risks, private companies may not be purchasing sufficient management liability insurance to help protect their bottom line from a costly liability lawsuit," said Lisa Jones, vice president of Chubb & Son and private commercial product manager for Chubb Specialty Insurance. "In addition, companies that are uninsured and experience workplace crimes or an employment practices liability lawsuit, for example, may find that a tight credit market makes it difficult to obtain credit to pay for such a loss or to continue their business operations."
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