ANTICIPATING UNCERTAINTY - ACTIVE ASSAILANT INSURANCE YOU DON'T NEED TO BE A TARGET TO BE A VICTIM - Price Forbes
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
ACTIVE ASSAILANT INSURANCE ANTICIPATING UNCERTAINTY YOU DON’T NEED TO BE A TARGET TO BE A VICTIM
ACTIVE ASSAILANT INSURANCE The number of shootings has significantly increased in the USA over recent years as active assailants seek greater notoriety. In 2019 alone, there were 39,509 deaths and 418 mass shootings* with the number of children killed or injured representing a high proportion of this. These fatalities occurred across various industry sectors with a variety of motivations; however, an Active As- sailant policy does not need to distinguish the motivation, and qualifies under the cover so long as; Only one other person, in addition to the assailant, is injured. Insured’s should also consider the potential gaps in coverage on their general liability (GL) and property policies caused by active assailants, where it often falls silent or is excluded. Additionally, the Active Assailant policies often respond ground up, meaning we are able to provide options with NIL deductibles. Several specialist terrorism insurers have recently developed comprehensive solutions with an array of tailored coverages and crisis management services intended to respond following these unpredictable and indiscriminate events. *Source: Gunviolencearchive.org
THE MAIN HEADS OF COVER CAN INCLUDE
LEGAL LIABILITY COVERAGE EXTRA EXPENSE COVERAGE
• Coverage for damages and claim • Additional and emergency security
expenses that an insured will become legally arrangements
obligated to pay following an Active Assailant
incident. Costs of increased security in the aftermath including
Response Consultant Fees incurred
PHYSICAL DAMAGE COVERAGE
• Public relations expenses
• Indemnity for physical loss or damage to Insured
Property caused by an Active Assailant incident. Such as media management & brand rehabilitation.
• Funeral expenses
BUSINESS INTERRUPTION COVERAGE
Burial and/or cremation costs for victims of incident
Indemnity for Business Interruption following:
• Medical expenses and Psychiatric
• Direct physical loss, damage, or
Counselling
destruction to Insured Property
• Denial of Access to an Insured Location For any insured person present during the Active
• Threat to an Insured Location (provided it is Assailant incident
substantiated by authorities)
• Loss of Attraction coverage
• Forensic clean-up costs
• Repatriation
Of deceased victims to place of funeral
• Job retraining costs
• Bodily Injury and/or Death Benefits
Provides a Fixed Benefit for bodily injury and/or
death sustained by an insured person following an
incident
CRISIS RESPONSE & PUBLIC RELATIONS CONSULTANCY
Insurers will indemnify the insured for specialist Crisis Response + Consultant Fees resulting solely and directly
from an Active Assailant or Threat Event. All the insurers work with exclusive partners bespoke to their own
product.
• Pre-event consulting and risk assessments
• Active Shooter seminar and preventative training
• Active Assailant response planning
Q: WHAT IS A WEAPON?
A: A Weapon can include any of the following – provided they are used with premeditated and malicious intent:
1. Any hand-held instrument, tool, device or appliance
2. Explosive devices (hand held or attached to the body)
3. Vehicle(s)
4. Corrosive substances
5. Drone and Aircraft
TARGET INDUSTRIES
• Educational Organisations
• Bars and Restaurants
• Sports Arenas
• Transport Hubs and Mass Transit
• Hospitality and Leisure facilities
• Shopping Malls or Retail Locations
• Conferences and Festivals
• Residential Housing Authorities
• Healthcare Institutions
Call us on:
+44 (0)20 7204 8400
and we’ll put you through to one of our experts.
Or email one of our experts below.
MEET THE EXPERTS
Edward Black Sophie Gradwell
Executive Director, Associate Director
Head of War, Terrorism and Political T +44 20 7015 2850
Violence M +44 (0)7483 929 328
T +44 (0)20 7015 2839 E sophiegradwell@priceforbes.com
M +44 (0)7725 256 180
E edwardblack@priceforbes.com
Lee McAlister Katie Ellis
Associate Director Assistant Director
T +44 (0)20 7015 2814 T +44 (0)20 7015 2716
M +44 (0)7568 426 613 M +44 (0)7872 461 495
E leemcalister@priceforbes.com E katieellis@priceforbes.com
Nichola Hitchcock Freya Craddock
Broker Support Technician
M +44 (0)7990 393 355 M +44 (0)7425 613 071
E nicholahitchcock@priceforbes.com E freyacraddock@priceforbes.com
Price Forbes & Partners Limited www.priceforbes.com
2 Minster Court, Mincing Lane, London EC3R 7PD
linkedin.com/company/price-forbes-&-partners
@PriceForbes Copyright Price Forbes & Partners Limited 2021
Registered in England number 5734247. Registered office as above
PFP 20207 04/21 Price Forbes & Partners Ltd is a Lloyd’s broker and is authorised and regulated by the Financial Conduct Authority
You can also read
