Everest Insurance is teaming with a cybersecurity firm to launch insurance coverage meant to help make private equity policyholders saver from cyberattacks. A division of Tokio Marine HCC unveiled a new tenant user liability policy.
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.
Tokio Marine HCC – Specialty Group has launched a tenant user liability policy.
The product, known as TULIP, is meant to provide an easy solution for a venue or facility owner to set up an annual policy covering their lessees for third-party liability when holding events.
In short, the coverage will provide lease holders with proper insurance based on the venue or facility’s requirements. As a result, the cover holds the venue or facility holder harmless if an incident occurs during an event resulting from an event organizer’s negligence.
Sources: Everest Insurance, Tokio Marine HCC