Everest offers management liability policy for private firms
Reprints
Everest Specialty Underwriters, a unit of the Everest Re Group Ltd., on Thursday said it is introducing a private company management liability policy with eight lines of coverage, including directors and officers liability.
Other lines included in the Everest Expedition modular policy are: employment practices liability, fiduciary liability, crime, cyber liability, kidnap and ransom, miscellaneous professional liability and employed lawyers liability, New York-based Everest Specialty Underwriters said in a statement.
Policy provisions include an optional duty to defend; preclaim costs, expansive D&O and fiduciary inquiry coverage; a dedicated social engineering fraud limit; and reimbursement of up to 5% of policy premium for using pre-beach services offerings.
Information on limits was not immediately available.
Read Next
-
Everest Re posts quarterly profit hike
Everest Re Group Ltd. on Tuesday reported 2017 fourth-quarter net income of $571.0 million, up 52.8% from the same quarter a year ago, the Hamilton, Bermuda-based reinsurer said, partially due to prior-year reserve releases.
