Industry News: XL Catlin and the McGowan Companies to Provide Workplace Violence Insurance to Businesses in the US
Firestorm, the market leader in workplace violence prevention and response, is pleased to share this recent insurance industry development related to our partners at McGowan Program Administrators.
Firestorm is proud to be the designated threat assessment and event response firm for McGowan’s Active Shooter and Workplace Violence insurance programs. We work extensively with their clients and brokers to reduce frequency and severity in the programs, and improve insured satisfaction. We also provide many value-added services that improve the safety and security of our nation’s healthcare and school systems along with public entities, events, hospitality and any industry in between.
“We are now officially the largest underwriter of active shooter/workplace violence insurance policies in the world.”
Paul Marshall, Managing Director, McGowan Companies
New York Mon Jun 26, 2017 —
In the US, XL Catlin has entered into an exclusive underwriting agreement with The McGowan Companies to provide workplace violence insurance to US businesses.
Nearly two million American workers are victims of workplace violence each year, according to the Occupational Health and Safety Administration (OSHA). OSHA puts workplace violence as the second leading cause of worksite deaths in the US.
“Continued workplace violence incidents have prompted many businesses to ask – what if it happens to us? And if it does, will we be prepared to handle it?” said Denise Balan, Senior Vice President and head of US Kidnap & Ransom insurance business.
”Workplace violence can result in employee injury, business interruption and reputational damage. Our Act of Workplace Violence and Stalking Threat Insurance combines comprehensive expense reimbursement with access to crisis management consultants, all aimed at assisting businesses with minimizing the threat of workplace violence and, in the event that it occurs, helping them recover.”
According to Paul Marshall, Managing Director of the McGowan Companies, “From higher education to hospitality, from manufacturing to healthcare facilities — businesses of all sizes, across industries, can find themselves at the center of a workplace violence incident. By teaming up with XL Catlin, we are able to offer our clients access to the most comprehensive workplace violence insurance on the market.”
The McGowan Companies will offer XL Catlin’s Workplace Violence and Stalking Threat insurance on surplus lines or admitted basis with liability limits up to USD 5 million. The policy covers expenses related to a workplace violence incident including public relations counsel, psychiatric, medical or dental care, employee counseling, temporary security measures, and rehabilitation expenses, personal accident, legal liability and business interruption expenses.
About the McGowan Companies
The McGowan Companies are an industry leader for specialized insurance programs. Through McGowan Program Administrators (MPA), the company designs, administers and markets highly-specialized programs of insurance. To learn more, contact Paul Marshall at 937.949.5816 x5951, visit mcgowanprograms.com.
About XL Catlin’s Insurance Operations
XL Catlin insurance companies offer property, casualty, professional, financial lines and specialty insurance products globally. Businesses that are moving the world forward choose XL Catlin as their partner. To learn more, visit xlcatlin.com.
About XL Catlin
XL Catlin is the global brand used by XL Group Ltd’s (NYSE: XL) insurance and reinsurance companies which provide property, casualty, professional and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises throughout the world. Clients look to XL Catlin for answers to their most complex risks and to help move their world forward.
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Business Insurance–Jun 26, 2017