Chubb Group of Insurance Companies
Chubb survey finds private companies at increased risk of a liability lawsuit
Published in Managed Care Business Week, May 2nd, 2006
According to the 2005 Chubb Private Company Risk Survey, 67% of private companies are likely to broaden their product offerings, 20% plan to reduce or eliminate some employee benefits, 21% plan to reduce their workforce, 18% plan to add an outside board member, 27% plan a major acquisition, and 31% plan to outsource functions or operations.
McGee, the private commercial product manager for Chubb Specialty Insurance, explained, "As privately held companies...
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