For its new corporate directors & officers coverage
Zurich North America Commercial has announced that its specialties business unit has planned to introduce a series of unique policy enhancements to help customers fund the cost and manage the risk of eDiscovery.
The enhancements initially are available to qualified customers of Zurich’s groundbreaking D&O Select policy.
The eDiscovery enhancement helps enable customers to reduce litigation costs by providing additional coverage for eDiscovery costs. The qualified customers are able to develop and stress test their eDiscovery readiness, and potentially reduce out-of–pocket final discovery costs (preserving policy limits), control expenses and mitigate liability.
Will Fahey, senior vice president of Zurich North America Commercial’s Specialties Management Solutions Group, said: “The quantity of electronically stored information has increased dramatically over the past 10 years. Because of this drastic increase, a growing percentage of legal fees paid under D&O policies are related to eDiscovery costs. The eDiscovery enhancement to our corporate D&O policy addresses that problem and clarifies that ‘E-Discovery Defense Costs’ are part of ‘Defense Costs’ for covered Claims.