A few Active Shooter insurance policies have emerged, however one type has been around since 2005 and provides broader coverage to include any deadly weapon event. The policy is called Firestorm and is triggered by the mere brandishing of a weapon with the intent to threaten or harm. Active Shooter policies are focused on events in which injuries are caused by the use of a gun(s).
It should be noted that general liability policies do not intend to cover active shooter events and until now, have not been held to provide such coverage. The insurance market provides catastrophic coverage in the form of TRIA (Terrorism) coverage for bodily injury and property damage resulting from events categorized by the government as being Terrorist related, which leaves a large gap in coverage that Active Shooter policies attempt to partially mitigate.
According to www.gunviolencearchive.org The number of gun related incidents per day in the US: 161 in 2016 and 169 in 2017. Mass shootings per month in the US came to 32 in 2016 and 29 in 2017.
To help you understand, deadly weapons protection policy should include – prevention services, crisis management assistance and insurance indemnification. More specifically, the insurance indemnification should provide coverage for physical damages, business interruption costs and third party liability. Plus other services like temporary security, counseling, funeral assistance, PR assistance, etc should also be offered and considered.
We want to help you protect your employees, which are a company’s most important resource. Call us to get more information to make sure you have coverage to protect them.