The benefits of membership
Everen’s innovative mutual structure means that the company isn’t reliant on external capital. Its broad and stable terms and conditions, single largest net capacity, transparent and predictable premium model, and consistent claims payments make it a complementary and stable addition to the commercial insurance market.
Everen’s approach is straightforward and transparent. The company offers one policy for all members. The product has no sublimits and three coverages – All Risk Physical Damage, Third Party Pollution and Control of Well.
Thanks to a formulaic underwriting process, members have access to cost-effective insurance capacity that includes a deductible of $10 million minimum and $450 million for all owned assets.
By the numbers: A story of growth
Number of members in 1972
Number of members in 2023