Why Should Private Companies Purchase D&O? Why purchase private company directors and officers liability coverage?

Its a common question that never seems to get answered.

The common perception of private company owners seems to be that they do not need to purchase D&O coverage. This is due, in large part, to the fact that most private company D&O lawsuits 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.

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