XL Catlin to offer workplace violence insurance in US

Re/insurer XL Catlin has entered into an exclusive underwriting agreement with the McGowan Companies to provide workplace violence insurance to US businesses.

Under the agreement, the US-based insurance agency McGowan will offer XL Catlin's workplace violence and stalking threat policy on surplus lines or admitted basis with liability limits up to $5 million. The policy covers expenses related to a workplace violence incident including public relations counsel, psychiatric, medical or dental care, employee counselling, temporary security measures, and rehabilitation expenses, personal accident, legal liability and business interruption expenses.

The company stated that 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 and 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."

Paul Marshall, managing director of McGowan Companies, added: "From higher education to hospitality, from manufacturing to healthcare facilities -- businesses of all sizes, across industries, can find themselves at the centre 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."

Use code "Save20" and to save 20% on selected tickets for  for  Intelligent InsurTECH Europe 2017 - Offer ends July 15th

Today’s stories

Starr Companies names domestic insurance CUO

Apple, Cisco push for cyber insurance discounts: Report

VIG CFO resigns, successor named

Sompo expands London presence with new A&H unit, appoints leader

Chubb appoints Sherman to lead North America management liability business

Assured Guaranty to merge its European subsidiaries

CNA Hardy taps Neon executive as head of cargo at Lloyd's

AXA Hong Kong appoints new CEO

Neon bolsters underwriting management with former AXA Art CEO

Insurtech Wefox integrates Munich Re-backed digital insurer One

Crawford & Company hires Zurich executive as global COO

RAA lobbies for corporate tax cut in US

Did you enjoy reading this story?  Sign up to our free daily newsletters and get stories like this sent straight to your inbox.