Malicious attack and Active Shooter Risks

Deplorable, malicious attack scenarios have played out in different guises all over the world in recent years, with the motive for such attacks being both terrorism and non-terrorism related.

The Nice, London Bridge, Brussels attacks, and Las Vegas shootings all demonstrate the widespread and devastating consequences of such crisis incidents impacting communities and businesses.

The issue with the differing motives, be it terrorism or non-terrorism related, is that an off-the-shelf insurance product will not necessarily cover both types of attacks.

Our diverse, global, and creative team of specialists works as your agent and problem solver to overcome concerns or challenges, and delivers strategies to leverage your business volumes. We find opportunities, where others see challenges.

WHAT WE DO

Malicious attack and active shooter risks 

Working with a specialist broker and insurer who can deliver a more robust, bespoke insurance solution is critical. One streamlined policy can be created for all attack types no matter the motive or perpetrator - which can compliment and enhance an insured’s existing insurance covers.

An effective insurance program includes:

  • Business interruption, including loss of income resulting from prevention of access or evacuation of your premises due to an incident
  • Loss of attraction directly resulting from an incident whether directly targeting your business or occurring in the vicinity of your business
  • Business closure due a perceived or actual malicious threat
  • Physical damage to assets
  • Defense costs and settlement resulting from legal action taken against your business following an incident (may be excluded under your standard public liability or employee liability policies)
Malicious attack and active shooter risks 
  • Additional expenses including PR consultancy, legal advice, and temporary security
  • Crisis management support from expert security consultants
  • Victim compensation
  • Personal accident- bodily injury, death, disablement, cosmetic surgery, rest and rehabilitation, psychological counselling
  • Other expenses- gross salary of victim/family, childcare costs, travel and accommodation.

With so many different products available in the insurance market and with this risk evolving so rapidly, finding the right coverage that is suitable for your specific risk concerns and requirements is challenging and time-consuming.

Our team will take on this task. Not only can we support you in identifying which product might work best, but we also tailor solutions which are designed around your unique business risk needs to ensure that, when you need it most, your policy will protect your people, assets, and business.

FAQs

There is no limit to how early an insured can come to the market with a request for insurance coverage. The more information the insured is able to share on the risk exposure the more meaningful the feedback from insurers will be. If the risk information submitted is minimal and there are outstanding questions, particularly where there might be historical claims or high risk country exposure, insurers will only be able to provide theoretical feedback at best.

  • Name of the insured company or family name (if purchasing for personal reasons)
  • Confirmation of assets/ turnover (as this is a policy of indemnity, we can only provide limits of indemnity which are equal to or less than your asset/turnover base)
  • Number of people to be covered by country of residence
  • Travel pattern of insured persons (locations, duration and frequency of trips)
  • Confirmation of any previous threats/incidents in the last five years

By the insurers? The policy is cancellable by the insurers ONLY for the non-payment of premium by the insured.

By the insured? This policy is cancellable by the insured by written notice to insurers. Earned premium will be calculated on a pro-rata basis and a return premium may be provided to the insured for the unexpired portion of the policy subject to insurer agreement.

Please contact the named response consultants on your policy immediately, as soon as an incident has occurred or is thought to have occurred, and provide them with information regarding the nature of the incident, those involved and the location. The response consultants will provide you with immediate advice and guidance on what to do next.

With these policies, your insurer is exclusively tied to a response consultant who will support you in managing a crisis from start to finish. The claim number on your policy will be the dedicated response consultants’ number which is operational 24/7, 365 days a year. You may also wish to simultaneously contact your broker to discuss the insurance coverage, however, we strongly recommend that your first point of contact should always be the response consultants. The response consultant works in the interests of the insured, not the insurers.

Yes, these policies are highly confidential and a condition of the policy is that knowledge of its existence should be restricted as far as possible. For these reasons, we always recommend that only a select few individuals are aware of the policy’s existence.

Key facts

20+ global security risk specialists25 years’ broking and claims experienceOver 900 security risks claims handledOnly global credit and political broker with an in-house security team

WHY JLT

Malicious attack and active shooter risks 

Clients wishing to purchase insurance for security risks need to ensure that they select a broker with the relevant skills, knowledge and expertise in their business sector. We believe insurance contributes to the growth of your business, as well as provides crucial protection in challenging circumstances.

We find opportunities, where others see challenges. Our entrepreneurial culture and exclusive analytical ability helps clients to identify and realize opportunity in volatility. Here’s what makes us different:

  • We pride ourselves on being accessible across all time zones. By the very nature of these insurances, we understand the great time-sensitivities involved
  • Given the sensitivity and complexity for security-related claims, we advocate integrity, efficiency, and confidentiality
Malicious attack and active shooter risks 
  • We have the tenacity and desire to disrupt the market status quo and drive the insurance market forward with cutting-edge solutions. We pride ourselves in being seen as market leaders
  • We have a dedicated team of specialists around the world, focused solely on security risks, so you know you will always receive expert advice and support
  • Our long-standing relationships with the specialist insurers in this field means that our market leverage for seeking alternative structures to ensure the most competitive and holistic coverage is available to you. We set the trends, not just follow them
  • Our proprietary risk platforms and knowledge hubs are unique to the insurance market and can deliver you with critical risk insights
  • Our brokers draw on our in-house analysts’ expertise to identify current risk trends and forecasted risk developments globally that may impact you or your business.

Claims capabilities

We deliver results. We deploy all resources to help resolve complex losses and deliver claim payments.

Our clients have confidence that the insurance policies we arrange are expertly structured and written by experienced insurers with strong track records in paying claims. Our approachable brokers work alongside our meticulous CPS claims professionals who specialize in handling, managing and negotiating claims.

In the event of a loss, we provide:

  • A single point of contact with overall accountability for all losses wherever they occur
  • Our proactive claims handling process maximizes your recovery under your program, while minimizing the intrusion and interference to your on-going operations
  • We leverage our strong relationships with major leaders, loss adjusters, and lawyers to help expedite the claims process
  • Access to our sophisticated pre-loss consulting and effective post-loss recovery services.

CPS ANALYTICS

Our starting point when structuring a new policy is to precisely understand your needs. Our brokers sit alongside our team of risk analysts drawn from security, technical and academic backgrounds.

Their substantial knowledge is utilized to help us understand the precise nature of your risk profile, assisting us in determining the right insurance solution for your requirements.

Using our market-leading modelling and rating tools, such as Sunstone and World Risk Review, our analysts can pinpoint risks, map exposures, analyze the risk triggers, and evaluate probable maximum loss (PML) ratios across a portfolio of assets.

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