Everest Specialty Underwriters (ESU), a division of Everest Insurance, has launched Everest Expedition, a private company management liability policy.
This new modular management and professional liability policy is designed to provide private companies with protection in the face of increasing corporate scrutiny.
The Everest Expedition policy offers eight lines of coverage: directors and officers liability, employment practices liability, fiduciary liability, crime, cyber liability, kidnap and ransom, miscellaneous professional liability and employed lawyers liability.
The new Everest Expedition policy provides various coverages, coverage enhancements, and Everest coverage within the Expedition standard policy terms, such as:
- Optional duty to defend
- Pre-claim costs
- Expansive D&O and fiduciary inquiry coverage
- Dedicated social engineering fraud limit
- Reimbursement of up to 5 percent of policy premium for utilizing pre-breach services offerings
Everest Re Group, Ltd. is a Bermuda holding company that operates through the following subsidiaries: Everest Reinsurance Co. provides reinsurance to property and casualty insurers in both the U.S. and international markets.
Everest National Insurance Company and Everest Security Insurance Company provide property and casualty insurance to policyholders in the U.S. Everest Indemnity Insurance Company offers excess and surplus lines insurance in the U.S. Everest Insurance Company of Canada provides property and casualty insurance to policyholders in Canada. The company also operates within the Lloyd’s insurance market through Syndicate 2786.
In addition, through Mt. Logan Re, Ltd., the company manages segregated accounts, capitalized by the company and third-party investors that provide reinsurance for property catastrophe risks.