It is a common misconception that because a privately held company is not publicly traded, it does not have D&O exposure. Nothing could be further from the truth. While publicly traded companies tend to have heightened exposure by comparison, privately held companies are also at risk for D&O claims.
This paper will briefly explain the basis for liability and the sources of claims against private companies. We will also discuss common types of private company D&O claims, as well as an overview of D&O insurance and the state of the marketplace.