The young and restless entrepreneurs need Directors & Officers Insurance. New businesses are always arising from the mist. These new businesses are coming with Gen Y’s risk taking attitude to challenge current business models and new insights to innovation. Between 2004 and 2008 only four executives are taking command of Standard & Poor’s 500. These game changing businesses are companies like Facebook, Groupon & Zillow being discovered by entrepreneurs under 40. In 2010, the average age of incoming CEOs at S&P 500 companies was 52.9, down from 54.7 in 2006, the Conference Board, a business-research group, says.
One of the most remarkable & youngest CEO’s at a Fortune 1000 company will be Mark Zuckerberg. At only 27 years of age, Mr. Zuckerburg launched on of the most successful companies of the decade, Facebook. Recently going public Facebook IPO is seeking to raise $5 Billion. In the first half of 2011 the company generated $1.6 billion revenue, which compared to any other 27 year old is unheard of.
Another young CEO to make the list is 38-year-old Google Inc. CEO, Larry Page. Eight of the 42 technology and Internet companies that held initial public offerings in 2011 were led by CEOs who were under 40 at the time, according to a review of data from capital-markets data firm Dealogic.
As younger generations begin to emerge with new technologies, innovations, and visions, which challenge the status quo of what business, your companies should be looking into Directors & Officers Insurance.
Your business will face many risks. Risks including legal claims and litigation, leaving your Directors and Officers to have the greatest exposure. Our New York based Agency offers Directors and Officers D&O insurance to nearly all 50 states. We provide much needed protection against the costs of legal defense and indemnity coverage for your business, Directors, Officers, and employees in suits alleging internal mismanagement.
If your organization is not prepared to financially absorb the potential costs of such litigation, then, as so many of your peers have discovered, D&O insurance is clearly the choice.
We’ll help you model how the decisions you make in day-to-day business may impact future D&O exposure, enabling you to prepare in advance before such events even take place. Once you know the risks, you know how to avoid them.
Pre-Planning Is Key. Contact Us Now.
Let our experienced D&O specialists protect your assets and those of your Directors and Officers long before threats occur. Call the Rubin Group today! (877) 806-7239