Everest Insurance has released a new Everest Elevation REIT Management Liability Policy (Everest Elevation), which provides management liability coverage for real estate investment trusts (REITs). The Financial Lines group at Everest Insurance offers industry-specific management liability insurance on a primary and excess basis.
The new form has been designed to address D&O exposures specific to REITs. The form’s streamlined structure makes it easy to navigate and provides D&O terms similar to those offered in Everest’s new Management Liability Policy, which was released in April 2018. Coverage features include formal entity investigation coverage (separate from Reg FD coverage), pre-claim expense coverage, and broad definition of controlled entity.
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.
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