Everest offers management liability policy for private firms

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.