Everest Insurance has released a new lawyers professional liability policy – Everest Elevation – designed to provide law firms with liability coverage for financial loss suffered by third parties arising from acts, errors, and omissions in providing legal services.
Everest Elevation addresses the coverage needs of law firms by providing market leading terms and conditions while offering a variety of coverage enhancements, including expense reimbursement for crisis events, disciplinary proceedings, security incidents, and subpoena compliance.
According to Rob Diziki,vice president, Professional Liability the policy has been designed to cover emerging issues and evolving needs of mid to large size law firms. The tailored product is designed to cover defense costs and settlement payments arising from malpractice allegations.
Everest Re Group, Ltd. is a 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 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.
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