This form of workplace violence insurance offers third-party liability protection. If an injured party or a family member files a successful lawsuit against the organization, the plan will cover the settlement or judgment award up to the limits of the policy. The insurance will also pay for any medical or funeral expenses stemming from the incident, as well as death benefits to survivors.
Other non-liability coverages that are available with some plans include:
Crisis management: Covers the services of consultants and other crisis management professionals the insured hires to deal with the aftermath of the event.
Physical damage: Helps the facility owner pay to repair the damage to the property resulting from an active shooter incident.
Business interruption: An active shooting incident could cause a business to shut down for several days, a few weeks or longer. This coverage compensates the insured for the loss of business income during this time.
Please note that XINSURANCE does not offer workers’ compensation insurance.