Everest Launches Cyber Protection for Private Equity Firms, Portfolio Companies
Advisen
Everest Launches Cyber Protection for Private Equity Firms, Portfolio Companies
Everest Insurance has collaborated with cybersecurity firm, Soteria, LLC, and its group of former U.S. government cyber security experts, in conjunction with the launch of its new Elevation Private Equity Insurance Policy.
The policy will provide assistance to policyholders in building safer and more secure internal networks. Soteria will offer three options alongside the Everest policyholder’s primary or excess General Partnership Liability policy. These include a network vulnerability scan, routine imposter domain monitoring, and a phishing tool designed to help mitigate the risks associated with the most common cyber threats.
The offering is also extended to Private Equity firms’ portfolio companies so Private Equity policyholders can ensure their portfolio companies are better protected from cyberattacks.
The Everest Insurance Alternative Solutions Group is a team of underwriters providing a coordinated approach to the insurance needs of private equity firms and portfolio companies. Such offerings include reps and warranty products, management liability, professional liability, employment practices and other ancillary insurance products for both the private equity sponsor and portfolio companies.
