Chubb has developed a new e-book, “Top Risks for Private Companies in the U.S.,” exploring the numerous potential liability exposures facing private companies and highlighting one often overlooked risk: the fact that such costly loss events inevitably take key executives away from their primary responsibility of running their businesses, resulting in the potential for delayed initiatives, lost productivity, and an overall decline in functional efficiency.

To address these underlying issues, Chubb said, the report explores the risks private company executives may face, which may assist them in making wiser decisions in the areas of directors and officers (“D&O”) liability, employment practices liability (“EPL”), cyber liability, and commercial criminal liability insurance.

“Private companies, regardless of size, are threatened by multiple liability and criminal exposures,” said Leigh Anne Sherman, executive vice president, private/not-for-profit management liability, of Chubb's financial lines division. “Liability risks, lawsuits and fines, cyber theft, and commercial crime are real threats facing private companies; however, when such a loss occurs, many private organizations overlook the hidden costs associated with those losses. While the type of business under attack will determine the actual bottom line cost, the time that leaders must spend dealing with the fallout is a real and inevitable concern for private companies.”