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Private company decision makers need D&O insurance

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Owners of private companies without shareholders often believe they do not need directors and officers liability coverage. The misconception takes hold, I believe, because small, privately held companies often have no formal board of directors or shareholders – which seemingly limits exposure to lawsuits and dismisses the need for D&O liability coverage. While logical, this could not be further from the truth. The post Private company decision makers need D&O insurance appeared first on The Cincinnati Insurance Companies blog.
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