New York, New York – January 24, 2019 – Everest Insurance® announced today the launch of their new Everest Expedition® Not-For-Profit Management Liability Policy. This new policy form provides protection for not-for-profit organizations across all industries including charitable foundations, healthcare organizations, and educational institutions.
Coverage is offered in a modular form, with eight coverage parts; Directors and Officers Liability, Employment Practices Liability, Crime, Fiduciary Liability, Cyber Liability, Kidnap and Ransom, Miscellaneous Professional Liability, and Employed Lawyers Liability.
“We are very excited to provide a robust product offering that helps mitigate the growing legal exposures facing not-for-profit organizations,” said Salvatore Collura, Head of Private/Not-For- Profit at Everest Insurance®. “Whether there are claims for discrimination, harassment, or mismanagement, directors and officers need the backstop of a seasoned insurance carrier with a world-class claims team to help them navigate what can be a challenging regulatory and litigation landscape.”
Furthermore, the Everest Expedition® policy highlights include:
- Flexible defense options by coverage part: Duty To Defend/ Non-Duty To Defend/ Optional
- Expansive inquiry coverage
- Pre-claim expenses
- Continuity Coverage for EEOC charges and written demands first made during prior policy
- Dedicated social engineering fraud limit (CRIME, CYBER)
- Business Interruption, incl. full limit for 3rd party forensic accountant expenses (CYBER)
- Extortion payments include cryptocurrency and bitcoin (CYBER)
Additional features and policy information can be found on our website at www.everestre.com.
About Everest Re Group, Ltd.
Everest Re Group, Ltd. ("Everest") is a leading global provider of reinsurance and insurance, operating for more than 40 years through subsidiaries in the U.S., Europe, Bermuda and other territories.
Everest offers property, casualty, and specialty products through its various operating affiliates located in key markets around the world.
Everest common stock (NYSE:RE) is a component of the S&P 500 index.
Everest Insurance® markets property, casualty, specialty and other lines of admitted and non-admitted direct insurance on behalf of Everest Re Group, Ltd., and its affiliated companies. Additional information about Everest, our people, and our products can be found on our website at www.everestre.com. All issuing companies may not do business in all jurisdictions.